Latest news with #TruthSocialBitcoin
Yahoo
29-07-2025
- Business
- Yahoo
SEC Postpones Decision on Truth Social Bitcoin ETF
Investors anticipating the proposed Truth Social Bitcoin ETF will need to wait a bit longer, as the Securities and Exchange Commission has delayed its decision on the fund. The agency is delaying its approach or disapproval of the exchange-traded fund until Sept. 18 from Aug. 4, according to a notice the SEC issued on Monday. Trump Media & Technology Group Corp. (DJT)—operator of the social media platform Truth Social—filed in June to launch the fund, which would seek to track the performance of Bitcoin. SEC Delays Truth Social Bitcoin ETF Decision The SEC said it 'finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,' according to the notice. The Wall Street watchdog also delayed its approval decision of the Grayscale Solana Trust and the Canary Litecoin ETF—funds that would provide investors with exposure to popular so-called altcoins—to Oct. 10 and Oct. 2, respectively. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA While the SEC has adopted a friendlier stance towards the crypto industry during President Donald Trump's second term, Commissioner Hester Peirce said during an interview with Bloomberg's 'Trillions' podcast in May that 'people have to be patient.' She explained that the SEC has 'a limited number of people' working on the crypto exchange-traded product filings and that the agency has to assess multiple factors, including whether the product meets technical requirements and whether there is any ongoing related litigation. Trump's Ties to Crypto The delay also comes amid heightened concerns around the president's close ties to the crypto industry. In June, Trump Media filed for the Truth Social Bitcoin and Ethereum ETF, which would track the two most popular cryptocurrencies with a three-to-one ratio of Bitcoin to Ethereum by value, according to the filing. It followed up a filing in July for the Truth Social Crypto Blue Chip ETF, which would allocate 70% of its assets to Bitcoin, 15% to Ether, 8% to Solana, 5% to Cronos and 2% to XRP, the filing said. Meanwhile, the president recently signed the GENIUS Act, which creates a regulatory framework for stablecoins, into | © Copyright 2025 All rights reserved Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Business Times
16-06-2025
- Business
- Business Times
Trump Media deepens crypto push with Bitcoin-Ether ETF filing
[NEW YORK] Donald Trump's media company has filed to launch an exchange-traded fund that would invest directly in both Bitcoin and Ether, the latest in a wider push into digital assets tied to the president's personal brand. The proposed fund, dubbed the Truth Social Bitcoin and Ethereum ETF, was disclosed in a regulatory filing on Monday (Jun 16). It aims to give investors an easy way to gain exposure to the two largest digital assets and serves as a 'simple and cost-effective' alternative to using peer-to-peer networks or digital platforms. Yorkville America Digital is listed as the sponsor of the latest product. Trump Media & Technology Group – the company behind Truth Social and majority-owned by the president – has been accelerating its digital-asset push. The firm recently announced plans to borrow money to buy Bitcoin, and previously said it would invest in the very ETFs it aims to issue. Earlier in June, Trump Media applied for a separate ETF focused solely on Bitcoin – a category already crowded with similar offerings. The latest filing comes amid a fresh flurry of activity across Trump's sprawling business interests. On Monday, his sons Eric Trump and Donald Trump Jr unveiled a Trump-branded mobile phone service, relying on networks and hardware marketed as 'made in America.' The president's deepening crypto ties have drawn criticism from ethics experts, who point to the potential for financial gain in areas where Trump also sets policy. The White House has said the president is walled off from his namesake businesses. He has transferred roughly US$4 billion worth of Trump Media shares to a trust controlled by Trump Jr. Crypto ETFs have been popular with investors this year. The iShares Bitcoin Trust has drawn US$12.5 billion of inflows in 2025, bringing its assets to US$70 billion, while Ether-focused products have also seen traction. Having taken in more than US$2 billion collectively, two Ether funds – the iShares Ethereum Trust ETF and the 2x Ether ETF – are the second- and third-biggest haulers of cash so far this year among all crypto ETFs in the US, data compiled by Bloomberg show. BLOOMBERG
Arabian Post
11-06-2025
- Business
- Arabian Post
Trump-Backed Truth Social Launches Spot Bitcoin ETF Bid
Trump Media & Technology Group, owner of the Truth Social platform, has submitted a Form S‑1 registration to the U.S. Securities and Exchange Commission for its proposed Truth Social Bitcoin ETF, aiming to list on NYSE Arca. The application states the fund will hold Bitcoin directly, with serving as custodian, prime execution agent and liquidity provider, and Yorkville America Digital listed as sponsor. NYSE Arca has separately filed a Form 19b‑4 to list the fund should it receive regulatory approval. The filing highlights an unprecedented disclosure linking the fund's prospects to President Trump's crypto-related initiatives. For the first time in a crypto-ETF filing, the risk section cites creation of an SEC crypto task force in January and the March executive order establishing a Strategic Bitcoin Reserve. It warns that the impact of these policies on the sponsor, the fund, TMTG, or affiliates 'is not possible to fully predict'. Bloomberg's Eric Balchunas noted this is likely 'the first time ever the advisor is in the risk section'. If approved, the ETF would become part of a growing cohort of spot Bitcoin funds currently active in the U.S., including BlackRock's iShares Bitcoin Trust, which has amassed over US $70 billion in assets, BlackRock having initially launched the product in January 2024. Other major asset managers—Fidelity, Bitwise—also offer similar instruments, making the market highly competitive. ADVERTISEMENT TMTG's proposed fund is closely tied to the broader ambitions of Trump's crypto policy platform. The earlier executive order in March 2025 mandated creation of a Strategic Bitcoin Reserve using government-forfeited assets, effectively integrating Bitcoin into sovereign reserves. The order also created a U.S. Digital Asset Stockpile, requiring federal agencies to centralise digital asset holdings and obliging the Secretaries of Treasury and Commerce to evaluate further acquisitions at no cost to taxpayers. The regulatory backdrop has shifted markedly. January's executive directive established a Presidential Working Group on Digital Asset Markets and directed the SEC to create a crypto task force. Gary Gensler resigned as SEC chair on the eve of Trump's inauguration and was succeeded by Paul Atkins, a noted crypto advocate. The SEC has since dropped several previous enforcement cases and eased accounting rules, paving the way for more crypto-product filings. Trump Media's broader strategy involves securing a substantial Bitcoin treasury. SEC filings indicate its Form S‑3 shelf registration allows issuance of up to 85 million shares tied to its $2.3 billion private placement, earmarked to purchase roughly 23,000 Bitcoin—potentially placing the company among the top public corporate holders. Custody of these assets is expected to be shared between Anchorage Digital and Yorkville America Digital's dual role—as sponsor of the ETF and partner to TMTG—has raised questions of conflicts of interest. The risk disclosure notes Yorkville affiliates are also involved in an investing platform tied to Trump's 'America First' agenda, and have made up to $2.5 billion in equity commitments to TMTG. The same affiliate acted as co-placement agent for the $2.44 billion private placement. Financial markets have responded with mixed signals. While Bitcoin briefly surpassed US $111,000 following Trump's return to the executive and policy shifts, it has since retreated to the US $105,000–$101,000 range. TMTG's own stock dropped around 8 per cent following public disputes between Trump and Elon Musk, and remains down roughly 56 per cent over the past 12 months. ADVERTISEMENT Analysts say the fund faces significant challenges. Despite its high-profile branding and alignment with Trump's policy agenda, it competes against established firms with deep institutional credibility. ETF expert Dave Nadig remarked that long-term asset gathering for this fund is 'extraordinarily unlikely'. CoinCorner CEO Danny Scott expressed unease about Trump's use of political influence in personal financial ventures. The ETF's structure also contains potentially problematic clauses. Cointelegraph reports that the S‑1 includes exclusive arrangements granting sole custodian and liquidity provision roles, and provisions that allow the sponsor to take positions ahead of the Trust—raising transparency concerns. Still, proponents contend the fund could redefine retail and ideological investor access. Backers assert its America‑First branding might appeal to conservative retail investors seeking regulated Bitcoin exposure. reach—serving over 140 million users and holding approximately US $30 billion in assets—could alleviate institutional concerns about custody risk. Approval hinges on SEC review of both S‑1 and 19b‑4 filings. With multiple spot Bitcoin ETFs already approved in the U.S., the regulatory framework exists—but TMTG's political ties, interlocking financial relationships and novel disclosures may trigger heightened scrutiny.
Yahoo
05-06-2025
- Business
- Yahoo
Brown-Forman's weak Q4, Truth Social ETF filing: Trending Tickers
Brown-Forman (BF-B, BF-A) stock falls Thursday morning after posting weak fiscal fourth quarter results, the alcohol company forecasting organic net sales to decline in its next fiscal year, Trump Media & Technology Group (DJT, DJTWW) has filed with the Securities and Exchange Commission (SEC) to issue a Truth Social Bitcoin ETF. To watch more expert insights and analysis on the latest market action, check out more Wealth here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
05-06-2025
- Business
- Time of India
Trump Media advances Bitcoin ETF plans with Truth Social Brand
Trump Media & Technology Group Corp. appears to be one step closer to launching an exchange-traded fund tied to Bitcoin, joining the crowded field of crypto-investment offerings for the retail masses. NYSE Group Inc. filed regulatory paperwork on Tuesday to list the Truth Social Bitcoin ETF , using the name of President Donald Trump 's social network. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Зачем на ночь сжигают лавровый лист? Undo Trump Media, which is majority-owned by Trump, applied in February to trademark brands for investment products with themes that closely track the president's policy priorities, including Bitcoin. The firm signed a formal agreement with a New Jersey-based firm, Yorkville Advisors — which it referred to as 'an America-First asset management firm' — to shepherd the products through the approval process. Crypto Tracker TOP COIN SETS BTC 50 :: ETH 50 -5.08% Buy Smart Contract Tracker -7.30% Buy DeFi Tracker -11.03% Buy Web3 Tracker -13.12% Buy NFT & Metaverse Tracker -14.49% Buy TOP COINS (₹) Ethereum 224,147 ( 0.68% ) Buy BNB 57,022 ( 0.6% ) Buy Bitcoin 9,005,718 ( -0.34% ) Buy Solana 13,182 ( -1.07% ) Buy XRP 189 ( -1.56% ) Buy Yorkville America Digital is listed in Tuesday's filing as the sponsor of the new Truth Social ETF, which is set to buy and sell Bitcoin in order to track the price of the cryptocurrency. — through an affiliated entity named Foris DAX Trust Company LLC — will be the custodian of the digital tokens, according to the filing. The document does not mention Trump or offer a ticker or fees for the new fund. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Yorkville and Trump Media did not immediately respond to requests for comment. Live Events If the fund is approved, it will join a universe of more than 60 US ETFs tied to Bitcoin. This one, though, could benefit from its ties to a president who has pushed for Bitcoin-friendly legislation and talked about creating a national cryptocurrency reserve. 'On one hand, this is pretty unchartered territory and a huge endorsement of Bitcoin from Trump's company,' said Bloomberg Intelligence senior ETF analyst Eric Balchunas. 'But on the other, it's a routine filing in a very crowded category and it will have its work cut out to attract flows and liquidity.' The ETF is one of the many cryptocurrency-related businesses being built by companies tied to Trump. Trump Media recently announced that it would be borrowing money to invest in Bitcoin, and the company previously said it would invest in the ETFs it issues. The links have drawn criticism from ethics experts because of the way Trump could benefit financially from areas where he is also responsible for setting policy. The White House has previously said the president is walled off from the businesses that carry his name. He has transferred about $4 billion worth of Trump Media shares to a trust controlled by his son Donald Trump Jr.
