Trump-Backed Bitcoin ETF Seeks SEC Approval

Yep, you read that right. Truth Social, the social media platform backed by Donald Trump, is diving into crypto, specifically, it wants its very own Bitcoin ETF. On June 3, NYSE Arca filed the paperwork with the Securities and Exchange Commission (SEC) to list what would officially be called the Truth Social Bitcoin ETF.

It’s a bold move, and one that puts Trump’s media company squarely in the middle of the crypto investment craze. But this isn’t just another ETF filing. It’s coming with some political heat, a hint of branding flair, and an eye on a fast-growing market.

What’s in the Filing?

NYSE Arca’s submission is basically a request to change the rules so this new ETF can trade on its exchange. The fund itself would give people a way to invest in Bitcoin without actually owning or managing any of it. No wallets, no seed phrases, no sweaty palms every time Bitcoin dips. Just shares you can buy and sell like any other stock.

*BREAKING*

President Trump’s social media firm Truth Social to launch a spot #BitcoinETF.

NYSE Arca submitted docs to the SEC on Tuesday.

According to insiders, expense ratios for the ETF are unlikely to be neither ‘Big’ nor ‘Beautiful’.#Bitcoin #DigitalAssets pic.twitter.com/Z01b59TwvS

— James McKay (@McKayResearch) June 4, 2025

These types of ETFs exploded in popularity in 2024, when the SEC finally gave the green light to companies like BlackRock, Fidelity, and Ark Invest. Those funds pulled in billions, fast. So it’s no surprise Trump’s camp wants a piece of the action.

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Why Truth Social, Though?

Here’s where things get interesting. Truth Social isn’t just a social media site anymore. Trump Media has been laying the groundwork for a bigger push into financial products, especially crypto. Earlier this year, they filed trademarks for several Bitcoin-focused funds. They even floated names like “Trump Digital” and “TMTG Digital World ETF.”

This Bitcoin ETF would be the first actual product to come out of those plans. And let’s be honest, it would surely be the only ETF on the market with the Truth Social name on it.

Politics, Timing, and the Bigger Play

This isn’t happening in a vacuum. Trump is running for president again, and his messaging has leaned into crypto more than ever. He’s been talking about self-custody, bashing central bank digital currencies, and encouraging campaign donations in crypto. All of that makes this ETF move feel very on-brand.

It’s also smart timing. Spot Bitcoin ETFs are one of the hottest products on Wall Street right now. Since January 2024, they’ve pulled in over $50 billion in assets. Investors like them because they make Bitcoin feel more familiar, more regulated, and honestly, a lot easier to deal with.

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Will the SEC Go for It?

That’s the big question. The SEC now has up to 240 days to respond to the filing, although it often rules sooner. There’s no guarantee the Truth Social ETF will make it through. The agency could raise concerns about custody, pricing, or even the branding.

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Still, Trump’s media company is clearly betting that its name, timing, and the growing popularity of crypto will give it a shot.

What This All Means

In short, Trump’s not just tweeting about Bitcoin anymore. His company wants to plant a flag in the investment world, and it’s using one of crypto’s most popular products to do it. Whether it’s politics, profits, or a bit of both, one thing’s clear: Bitcoin just got even more mainstream.