Bitcoin News Today: Trump Media Amends Bitcoin ETF Filing with Crypto.com as Custodian

Trump Media & Technology Group has filed an amended registration statement with the U.S. Securities and Exchange Commission (SEC) for its Truth Social Bitcoin ETF. The filing, submitted on August 5, 2025, updates key disclosures and regulatory policies, signaling the company’s continued efforts to meet the SEC’s requirements. The ETF, if approved, will hold Bitcoin directly and offer shares on the New York Stock Exchange Arca, aiming to reflect Bitcoin’s price performance [1].

Crypto.com has been designated as the exclusive custodian of the ETF, tasked with the secure handling and storage of Bitcoin assets. Yorkville America Digital is listed as the ETF sponsor [2]. This arrangement highlights the company’s strategy to partner with established names in the crypto space to build trust and infrastructure for the fund.

The amended filing follows an initial registration statement submitted in July 2025, which is still under regulatory review [3]. The updated version provides no new details regarding the ETF’s expense ratio or ticker symbol, leaving these aspects open for further disclosure [5]. Analysts and investors are closely watching for clarity on these factors, as they will significantly influence the fund’s competitive positioning and appeal to potential investors [6].

The launch of a Bitcoin ETF by Trump Media could influence Bitcoin’s market dynamics by increasing institutional and retail participation. A successful approval could enhance market liquidity and provide another vehicle for investors to gain exposure to the cryptocurrency. However, the ETF remains contingent on regulatory approvals from both the SEC and NYSE Arca. The SEC must declare the S-1 filing effective, while NYSE Arca must approve the listing under Rule 19b-4 [4].

The regulatory environment for crypto ETFs in the U.S. remains complex, with prior attempts encountering challenges. The outcome of this filing could set a precedent for future applications and shape the broader acceptance of Bitcoin as a mainstream financial asset [7].

Trump Media’s engagement in the crypto space is closely tied to its broader media and stock market strategies. The firm has demonstrated responsiveness to Bitcoin price movements, and the ETF could further integrate its business model with crypto market performance.

The company’s latest steps indicate a clear intent to advance its cryptocurrency ambitions. Investors and market observers are now anticipating further updates on regulatory feedback and final terms for the offering.

Source:

[1] https://www.ainvest.com/news/bitcoin-news-today-trump-media-amends-bitcoin-etf-filing-crypto-partnership-2508/

[2] https://coincentral.com/trump-media-partners-with-crypto-com-for-bitcoin-etf-filing-with-sec-2/

[3] https://www.morningstar.com/news/globe-newswire/9509882/trump-media-files-amended-registration-statement-for-bitcoin-etf

[4] https://www.tipranks.com/news/the-fly/trump-media-files-amended-registration-statement-for-bitcoin-etf-thefly

[5] https://blockchain.news/flashnews/truth-social-files-amendment-to-spot-bitcoin-etf-btc-no-fee-or-ticker-yet

[6] https://cryptoslate.com/tmtg-moves-closer-to-launching-spot-bitcoin-etf-with-amended-s-1-filing/

[7] https://www.quiverquant.com/news/Trump+Media+Files+to+Launch+Truth+Social+Bitcoin+ETF+Custodied+by+Crypto.com