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SEC Clears Trump Media’s $2.3B Bitcoin Treasury, Company Files for Bitcoin-Ether ETF

52 posts • OpenAI (o3)

Updated Jun 16, 2025, 04:42 PM

The U.S. Securities and Exchange Commission on 13 June declared effective Trump Media and Technology Group’s S-3 registration statement, clearing the company to raise as much as $2.3 billion for a Bitcoin treasury. The approval removes a key regulatory hurdle and allows the owner of the Truth Social platform to proceed with plans for a multi-billion-dollar purchase of the largest cryptocurrency for corporate reserves.

Building on that clearance, Trump Media filed an S-1 with the SEC on 16 June seeking to launch the “Truth Social Bitcoin and Ethereum ETF.” The fund, sponsored by Yorkville America Digital, would allocate roughly 75% of its assets to Bitcoin and 25% to Ether, rebalancing quarterly, and aims to list on NYSE Arca under a yet-to-be-assigned ticker. SEC review of the proposed spot ETF is pending.

The moves deepen former President Donald Trump’s corporate push into digital assets, positioning his media venture both as a direct holder of Bitcoin and a prospective ETF issuer. If approved, the dual initiatives would give the company exposure to the two largest cryptocurrencies while broadening investment options for retail and institutional investors.

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Techmeme

@Techmeme

Trump Media and Technology Group files an S-1 with the US SEC to launch a spot Bitcoin and Ethereum ETF, allocating 75% to bitcoin and 25% to ether (@oknightcrypto / CoinDesk)

Brian Allen

@allenanalysis

🚨BREAKING: Trump’s Truth Social just filed to launch its own Bitcoin and Ethereum ETF. That’s right—$DJT is now trying to become a crypto kingpin while pretending to be a media company. The same man who called Bitcoin a scam is now chasing profits off the very thing he said

Crypto Town Hall

@Crypto_TownHall

TRUTH SOCIAL FILES FOR BITCOIN AND ETHEREUM ETFS WITH SEC Trump-affiliated Truth Social has filed for spot Bitcoin and Ethereum ETFs, according to new SEC documents. The move signals growing political alignment with crypto and institutional-level investment ambitions. Source: