Trump Media & Technology Group Files Amended Registration Statement for Bitcoin ETF​

Trump Media & Technology Group has filed an amended registration statement for a Bitcoin ETF.

The ETF will directly hold Bitcoin and offer its shares to investors, aiming to mirror Bitcoin's price performance.

Crypto.com will serve as the ETF's exclusive Bitcoin custodian, lead execution agent, and liquidity provider. Upon its launch, the Trump Bitcoin ETF's shares will be listed on the New York Stock Exchange Arca.

Yorkville America Digital will serve as the ETF's sponsor. Trump Media & Technology Group (TMTG) has filed an amended registration statement with the U.S. Securities and Exchange Commission (SEC) for its planned Bitcoin exchange-traded fund (ETF), marking a new step in the company, linked to former President Donald Trump,'s investment in the cryptocurrency sector.

According to the filing, the "Trump Bitcoin ETF" will operate by directly holding Bitcoin. The ETF aims to provide investors with access to Bitcoin's price performance through its issued shares. This means the ETF's value will closely track Bitcoin's market price fluctuations.

Potential Impact and Background:

1. The submission of this amendment marks a key step for Trump Media & Technology Group in its foray into the digital asset sector, expanding its business scope from social media (Truth Social) to financial products.

2. The model of directly holding Bitcoin aligns with the operating mechanisms of currently approved spot Bitcoin ETFs (such as those from BlackRock and Fidelity).

3. The selection of Crypto.com, a major cryptocurrency exchange, to undertake multiple core functions underscores its strength in infrastructure services.

4. The final launch of this ETF still requires formal approval from the U.S. SEC, and its progress and results will be closely watched by financial markets and the cryptocurrency industry.