Trump’s Truth Social Seeks SEC Approval for Bitcoin ETF

Trump Media has filed a request with the SEC for a Bitcoin ETF, potentially unlocking new investment opportunities in the cryptocurrency market. The filing seeks to list the ETF on the NYSE Arca and includes Crypto.com as its exclusive custodian and liquidity provider. This move adds a unique regulatory perspective from Trump’s pro-crypto stance, which could influence the ETF’s approval chances. This would be the first time ever an advisor’s risk disclosures are included in a crypto ETF prospectus due to Trump’s outspoken support for Bitcoin. While past U.S. spot Bitcoin ETF attempts have been rejected due to concerns about market manipulation, this latest filing shows growing institutional interest. This could ultimately pave the way for wider Bitcoin exposure for investors.