Trump Media & Technology Group (TMTG) has announced plans to launch an exchange-traded fund (ETF) for Bitcoin, expected to be unveiled by the end of 2025.
Plans for Bitcoin ETF
Trump Media filed an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), naming Yorkville America Digital, LLC as the ETF’s sponsor. The ETF is intended for listing on NYSE Arca, one of the leading platforms for ETF trading in the U.S.
Regulatory Challenges
The ETF launch remains subject to SEC approval, which must grant effective registration and clearance for its 19b-4 form, necessary for exchange rule changes allowing ETF trading. Key details such as the ETF's management fee and trading symbol have not yet been disclosed.
quote: "The sponsor is Yorkville America Digital, LLC; fee and trading symbol are not yet disclosed in the amended S-1," noted senior ETF analyst Eric Balchunas in a statement to Bloomberg.
Bitcoin Market Context
As of August 12, 2025, Bitcoin was trading at $119,200.16, with a market capitalization of approximately $2.37 trillion. Bitcoin's dominance over the crypto market stood at 59.68%. The 24-hour trading volume reached $83.35 billion, marking a 12.45% increase. Over the past seven days, Bitcoin has climbed 3.98%, reflecting a recovery trend.
The launch of Trump Media's Bitcoin ETF could provide traditional investors easier access to Bitcoin, potentially enhancing liquidity and adoption in the market.
