ARTICLE AD BOX
US President Donald Trump’s social media platform,
Truth Social
, has taken a step towards offering users a way to invest in Bitcoin, a report claims. The platform is reportedly planning to make a
Bitcoin exchange-traded fund
(ETF) available to everyday investors. NYSE Arca, the all-electronic arm of the New York Stock Exchange that handles most ETF trading, recently filed to list a Bitcoin fund linked to Trump’s media company, CNBC reports. This filing, known as a 19b-4 form, is required to step before regulators can decide whether to allow the fund to launch and trade on a US exchange. The latest filing comes after Trump Media announced a partnership with Crypto.com in March to launch a range of
digital asset products
later this year, which is now subject to regulatory approval.
How Donald Trump's Truth Social ETF will work
According to the CNBC report, the
Truth Social Bitcoin ETF
is designed to track the price of bitcoin, offering investors a simplified way to gain exposure without directly holding the asset. The planned product lineup includes bundles of cryptocurrencies, such as Bitcoin and Crypto.com’s native Cronos token, combined with traditional securities. These offerings will be branded under Trump Media and made available to global investors through major brokerage platforms and the Crypto.com app, which serves over 140 million users worldwide, the CNBC report adds.
Since spot bitcoin ETFs launched in January 2024, the market has grown to over $130 billion in total assets. BlackRock’s iShares Bitcoin Trust (IBIT) leads the pack, managing nearly $69 billion and establishing itself as the world’s largest digital asset manager, the report notes.Trump, who holds a majority stake in Truth Social’s parent firm, Trump Media & Technology Group, has increasingly embraced crypto in recent months. The company has filed trademarks for digital asset products and recently announced a $2.5 billion bitcoin treasury plan in Las Vegas. If approved, the ETF would mark one of the most politically linked entries into the rapidly expanding bitcoin fund market.