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Donald Trump’s media company is wading further into crypto. On June 3, 2025, NYSE Arca officially filed with the US Securities and Exchange Commission (SEC) an application to list the new spot Bitcoin-related exchange-traded fund (ETF) sponsored by Truth Social, which is the social media platform of the Trump Media & Technology Group (TMTG). The filing was a form of “ Form 19b-4, ” the necessary letter for listing an ETF on a stock exchange in the United States. If approved, the fund will let investors bet on the price of Bitcoin without owning the digital currency. The ETF is a collaboration between Truth Social and Yorkville America Digital, a self-described “America-first” asset manager. The Bitcoin holdings for the ETF will be held in custody by Foris DAX Trust Company, a crypto-affiliated firm. Trump is not named in the filing. However, TMTG, the parent company of Truth Social, is also majority-owned by the president. He has a sizable financial and political footprint in this new crypto initiative. The SEC has not yet assigned a ticker or outlined a fee structure. The regulatory agency also has up to 240 days to decide whether ETFs should be approved. This ETF filing is not just something in a vacuum. It’s part of a broader foray into the digital asset world by TMTG. Trump Media introduced Truth earlier this year. Truth.Fi is a financial brand that offers investment tools with conservative values. One of its marquee objectives is to “support American energy and independence” with investment options such as ETFs and digital assets. In April 2025, Crypto.com collaborated with TMTG.com. That agreement furnished a structure for operating crypto-related products such as custody service (Foris DAX) and wallet development support. The boldest one came soon after. TMTG revealed a $2.5 billion capital raise for a new Bitcoin treasury. The fund is designed to support the company’s expanding lineup of financial tools and serve as a store of value. Through Truth.Fi, the company also expects to roll out a crypto wallet called “Trump Coin Wallet” and is investigating how to enable users to invest directly in Bitcoin and other digital assets. These moves speak to a strategic and financial commitment on the part of Trump Media to be a significant player in the crypto space — an area of the president’s life where he was previously a skeptic. The SEC’s stance on cryptocurrency seems more welcoming than in years past, given newly appointed Chairman Paul Atkins. Recent developments have seen multiple enforcement actions against crypto firms drop, and there is a promise to continue to engage with blockchain companies. Washington has become more crypto-friendly as digital assets gain traction among younger and conservative voters. For TMTG, the timing might be right. Several spot Bitcoin ETFs have been approved since the beginning of 2024. Those include products from heavy hitters such as BlackRock, Fidelity, and Grayscale. However, the ETF backing Truth Social is noteworthy for its direct political ties and symbolism that a Trump-related platform is becoming part of the financial system in this manner. This ETF could even evolve into a rallying point for conservative-minded investors seeking to invest in such aligned market alternatives if approved. It might also give TMTG a fresh source of revenue as it looks to diversify away from social media and entertainment. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Analyst: Bitcoin May See a "Deeper Pullback," Testing the $100,000 Support Area

RT @ShardiB2: $ETHBTC Trying to confirm a weekly bottom this week Line turned green, week a long way from done but promising Big area c…

The US Department of Labor reversed an earlier guidance that discouraged retirement managers from considering crypto as an investment option in 401(k) plans. Now, the US Secretary of Labor said fiduciaries, “not DC bureaucrats, should make investment decisions.” “The Biden administration’s Department of labor made a choice to put their thumb on the scale,” Chavez-DeRemer said in a statement on Wednesday. “We’re rolling back this overreach and making it clear that investment decisions should be made by fiduciaries, not DC bureaucrats.” This opens the door for Bitcoin and crypto assets to be part of retirement portfolios across America. This has brought Senator Tommy Tuberville’s bill to a success as he pushed to allow crypto investments in retirement funds. The 2022 guidance released by the agency tasked with protecting workers and retirees encouraged managers to “exercise extreme care” before adding crypto to their investment strategies. 401(k) plans generally restricted crypto investing, only offering indirect exposure via ETFs, mutual funds, or employer-approved options. Before the 2022 release, the Department had generally said it had no opinion on certain types of investments and strategies. Today’s release goes back to how the Department did things by not supporting or opposing plan managers who decided that adding crypto to a plan’s investment options is a good idea. Still, a plan manager’s choice about which type of investment to make should consider all the important facts and circumstances and will “necessarily be context-specific.” More importantly, the government’s stance is now fully neutral, meaning plan providers can offer crypto exposure. The Labor Department is the most recent government body to change its mind about limiting crypto activity since President Trump took office in January amidst others. In March, the Federal Deposit Insurance Corporation reversed standards that require financial institutions to tell the agency before engaging in crypto-related activities. Later, the Federal Reserve took back its advice that banks shouldn’t get involved in crypto. In the past 24 hours, the market capitalization has gone down 4.1% to $3.51 trillion, but that’s still higher than the recent highs of $3.49 trillion on Tuesday and almost at $3.54 trillion last Friday. Given how risk-averse the stock markets have been over the last few days, this is an interesting move. Bitcoin prices have been going up and down by 5% every day since May 22. They are now in the middle of that range at $111.7k. This area of highs is part of a circular extension pattern. It is 161.8% of the first upward motion from the beginning of April to the first days of May. Getting past 112k would then lead to 134k (261.8%). The Securities and Exchange Commission (SEC) will hold a major “Emerging Trends in Asset Management” conference on June 5. The conference will focus on digital assets and tokenization. This move comes at a time when blockchain and token-based trading models are becoming more popular in the business world. At the event, SEC Commissioner Hester Peirce, known as “Crypto Mom,” will be joined by leaders from BlackRock, Franklin Templeton, and Fidelity, among others. Because the SEC chose to include a session on digital assets shows that things are changing. It seems like regulators are not only keeping a close eye on the crypto market, but they are also now getting involved with it. KEY Difference Wire helps crypto brands break through and dominate headlines fast

Ranting and raving against stablecoins and the GENIUS Act would be like ranting and raving against like Stripe or Chime it's such a boring area to lose your shit over (but also a quiet revolution so I get it).