Bitcoin News Today: Trump Media Amends Bitcoin ETF Filing With Crypto.com Partnership

Trump Media has made progress in its application for a spot Bitcoin ETF, submitting an amended registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC) [3]. The filing is part of its effort to launch the Truth Social Bitcoin ETF, a product designed to hold Bitcoin directly and mirror its price performance. The amendment, filed on August 5, 2025, builds on the initial S-1 filing from June 5, 2025, and includes updated disclosures reflecting developments between June and August 2025 [3].

The revised filing includes new information on the Digital Asset Cooperation Agreement from April 2025, as well as updated policies on handling Incidental Rights such as airdrops. It also incorporates recent regulatory developments, such as the GENIUS Act and executive orders, along with refined disclosures on stablecoin risks and hard forks [3]. However, key details such as the fund’s fee structure and ticker symbol remain absent, which senior ETF analyst Eric Balchunas noted could raise questions about the fund’s competitive positioning [3].

Crypto.com has been named as the Bitcoin custodian and liquidity provider for the ETF, with Yorkville America Digital serving as the fund sponsor [3]. This partnership aims to ensure secure asset management and efficient trading for investors. The decision to work with established infrastructure providers may help the fund meet regulatory expectations and provide a level of trust that is crucial in the competitive ETF market [3].

The Bitcoin ETF space is already crowded, with major asset managers like BlackRock, Fidelity, Grayscale, and Ark Invest dominating the landscape. These firms have a strong track record of delivering low-cost, high-liquidity products, making it challenging for new entrants to stand out [3]. Balchunas previously noted that the late entry of the Truth Social ETF into this competitive environment could make it difficult to attract investors, unless it offers significantly lower fees or a unique value proposition [3].

If approved, the ETF will need to pass SEC review of its registration and Form 19b-4 before shares can be listed on NYSE Arca. The regulatory process is critical, as the outcome of this application could influence future spot Bitcoin ETF proposals [3]. The amended filing also updated the Trust Agreement to a restated version dated in 2025, further refining the fund’s legal and operational framework [3].

Despite the uncertainties surrounding the fund’s fee structure and ticker symbol, the filing signals a strategic move by Trump Media to expand into the digital asset space. The partnership with industry players like Crypto.com underscores the importance of robust infrastructure in building investor confidence, especially in a regulatory environment that remains cautious about digital assets [3].

Source:

[1] Trump Media Files First Amendment for Spot Bitcoin ETF (https://crypto-economy.com/trump-media-files-first-amendment-for-spot-bitcoin-etf-with-crypto-com-partnership/)

[2] Trump Media Files for Truth Social Bitcoin ETF on NYSE Arca (https://www.ainvest.com/news/bitcoin-news-today-trump-media-files-truth-social-bitcoin-etf-nyse-arca-2508/)

[3] Trump Media Amends BTC ETF Form S1 (https://cryptonews.com/news/trump-media-amends-btc-etf-form-s1/)

[4] Trump Media Files for Truth Social Bitcoin ETF with Crypto. (https://www.ainvest.com/news/trump-media-files-truth-social-bitcoin-etf-crypto-custodian-2508/)

[5] Trump Media Files for Bitcoin ETF with Crypto.com as custodian (https://coincentral.com/trump-media-partners-with-crypto-com-for-bitcoin-etf-filing-with-sec-2/)