Trump Media has confirmed the filing of an amended registration statement for a Bitcoin ETF trading under the ticker B.T., providing investors with a regulated way to invest in Bitcoin.
What is Bitcoin ETF?
The initiative to create a Bitcoin ETF aims to provide investors with a regulated means to participate in Bitcoin's price movements. The ETF will hold Bitcoin directly, eliminating complexities associated with buying and storing cryptocurrencies.
Partners and ETF Structure
According to the filing, Crypto.com will serve as the exclusive Bitcoin custodian, as well as the prime execution agent and liquidity provider for the fund. Yorkville America Digital will act as the ETF’s sponsor, with shares expected to be listed on NYSE Arca upon securing regulatory approvals.
Risks and Future Prospects
The ETF’s launch is contingent upon the SEC declaring the registration effective and granting approval for a separate Form 19b-4 filing. Trump Media emphasized that this initiative forms part of its broader financial services strategy, which also includes the Truth+ streaming platform and fintech arm Truth.Fi. However, the company also cautioned that regulatory delays, market conditions, and operational challenges could impact the timeline and ultimate success of the launch.
If approved, the ETF would join the growing roster of Bitcoin ETFs in the U.S., indicating rising institutional interest in cryptocurrencies.
