Trump Media & Technology Group announced plans to launch a Bitcoin ETF by year-end, filing an amended application with SEC.
Trump Media’s Plans for Bitcoin ETF
Trump Media & Technology Group has filed an amended S-1 registration to launch a Bitcoin ETF with Yorkville America Digital, LLC as the sponsor, targeting a listing on NYSE Arca pending necessary approvals.
Market Impact and Potential Outcomes
The launch remains tentative, as permissions from SEC are awaited, including registration and 19b-4 Form approvals. Management fees and trading symbols have not yet been disclosed. Eric Balchunas, Senior ETF Analyst at Bloomberg noted: "The sponsor is Yorkville America Digital, LLC; fee and trading symbol are not yet disclosed in the amended S-1."
Current Bitcoin Metrics and Investor Sentiments
As of August 12, 2025, Bitcoin's price stood at $119,200.16 with a market cap of $2.37 trillion. The 24-hour trading volume was $83.35 billion, representing a 12.45% change in the market.
Successful ETF approval may initiate broader institutional acceptance of Bitcoin, potentially expanding its investor base and reaffirming regulatory progress in cryptocurrencies.
