Bitcoin News Today: Trump Media Files Amended ETF Registration for Direct Bitcoin Exposure

Trump Media & Technology Group (TMTG) has advanced its plans to offer a spot Bitcoin ETF by filing an amended registration statement with the U.S. Securities and Exchange Commission (SEC) on August 11, 2025. The ETF, named the Truth Social Bitcoin ETF, is intended to directly hold Bitcoin and trade on the NYSE Arca platform. Yorkville America Digital, LLC has been named as the ETF’s sponsor, while Crypto.com will act as custodian and exclusive prime execution agent [2]. This move positions TMTG among a growing number of firms seeking regulatory approval for similar products amid a favorable market environment for cryptocurrencies [1].

The amended S-1 filing includes updates on the ETF’s structure, compliance measures, and operational plans. However, the product remains subject to SEC approval, specifically the effectiveness of its registration and clearance of a Form 19b-4 filing, which is necessary for the ETF to begin trading [2]. Key details such as management fees and a trading symbol have yet to be disclosed [1].

The filing has generated significant market attention, particularly as it coincides with a broader regulatory shift. The SEC recently concluded its legal case with Ripple, signaling a potential softening in its stance on digital assets. This has led to speculation that the agency may become more receptive to spot Bitcoin ETF applications in the near term [4]. Bloomberg Senior ETF Analyst Eric Balchunas has highlighted the market’s keen interest in the ETF, noting that its approval could influence Bitcoin demand and investor sentiment [1].

Trump Media has been actively expanding its financial services division, including the launch of Truth.Fi, and has positioned the Bitcoin ETF as part of a broader strategy to offer regulated investment products. The company has previously demonstrated a bullish stance on Bitcoin by purchasing 155,000 Bitcoin for its treasury [5]. If approved, the ETF could provide a traditional investment vehicle for both retail and institutional investors to gain exposure to Bitcoin without directly holding the cryptocurrency, potentially enhancing liquidity and adoption [1].

Analysts suggest that the ETF’s success will depend on its ability to meet regulatory expectations and maintain a robust operational framework. The SEC has historically been cautious about approving spot Bitcoin ETFs, citing concerns over market manipulation and investor protection. However, the increasing number of applications and strong investor demand for crypto ETPs—particularly those tracking Bitcoin and Ether—suggest a growing appetite for regulated digital asset exposure [4].

Despite the positive momentum, the ultimate approval of the ETF remains uncertain. The SEC’s decision will play a critical role in shaping the launch timeline and the product’s market impact. If successful, the ETF could serve as a catalyst for broader mainstream adoption and institutional participation in the Bitcoin ecosystem, further solidifying its position as a leading digital asset [7].

Sources:

[1] Mitrade, [https://www.mitrade.com/au/insights/news/live-news/article-3-1029857-20250812](https://www.mitrade.com/au/insights/news/live-news/article-3-1029857-20250812)

[2] FINVIZ.com, [https://finviz.com/news/134875/trump-media-files-amended-registration-statement-for-bitcoin-etf](https://finviz.com/news/134875/trump-media-files-amended-registration-statement-for-bitcoin-etf)

[4] CoinCentral, [https://coincentral.com/crypto-etp-inflows-hit-record-pace-bitcoin-ether-lead-the-charge/](https://coincentral.com/crypto-etp-inflows-hit-record-pace-bitcoin-ether-lead-the-charge/)

[5] Mitrade, [https://www.mitrade.com/insights/news/live-news/article-3-1030692-20250812](https://www.mitrade.com/insights/news/live-news/article-3-1030692-20250812)

[7] The New Yorker, [https://www.newyorker.com/magazine/2025/08/18/the-number](https://www.newyorker.com/magazine/2025/08/18/the-number)