Trump Media inches closer to Bitcoin ETF launch with new SEC filing

Core Insights - Trump Media is progressing towards launching its own Bitcoin exchange-traded fund (ETF) named "Truth Social Bitcoin ETF" (ticker: B.T.) after submitting an amended registration to the SEC on August 11 [1] - The ETF is designed to hold Bitcoin directly and track its market performance through publicly traded shares [1] - Crypto.com will act as the sole Bitcoin custodian, prime execution agent, and liquidity provider for the ETF, enhancing its credibility within the crypto industry [2] - The ETF will only launch after the SEC declares the registration effective and approves a related Form 19b-4 submission, with shares set to list on NYSE Arca [2] - Trump Media joins a competitive landscape of firms vying for a share of the spot Bitcoin ETF market, which has seen significant inflows since U.S. approval earlier this year [3]