On July 28, the U.S. Securities and Exchange Commission pushed its decision on US President Donald Trump-led Truth Social Spot Bitcoin ETF to a later date.
(Source: Solid Intel on X)
Truth Social officially filed a Form 19b-4 on June 3, a submission by NYSE Arca to the U.S. Securities and Exchange Commission for a Spot Bitcoin ETF.
This ETF will track the spot price of Bitcoin, which will allow investors to gain exposure to the biggest cryptocurrency without directly owning the cryptocurrency.
Truth Social’s Push for Crypto ETFs Amid Surging Demand
Truth Social spot Bitcoin ETF is the latest effort by Trump Media and Technology Group, Truth Social’s parent company, to enter the digital asset market, which offers significant investment potential.
In addition to the Spot Bitcoin ETF, Truth Social has submitted two other applications to launch cryptocurrency ETFs.
On June 16, the company filed a form for a Dual-Asset Bitcoin and Ethereum ETF, through shares listed on NYSE Arca backed by the crypto assets, with 75% allocated to Bitcoin and 25% to Ether. The SEC has recently acknowledged this filing.
On the other hand, Truth Social has also filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) for its Crypto Blue Chip ETF on July 8, 2025. This ETF will be sponsored by Yorkville America Digital. It will track a mixture of five major cryptocurrencies: Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%).
While POTUS is continuously pushing legislative efforts to bring regulatory clarity around digital assets, Trump Media and Technology Group announced that it has acquired around $2 billion in Bitcoin and Bitcoin-related securities as part of its crypto treasury strategy. This represents about two-thirds of its $3 billion in liquid assets.
Furthermore, TMTG has also allocated $300 million to a Bitcoin-linked options strategy to capitalize on cryptocurrency price volatility.
Surge in Bitcoin ETF Demand as Institutional Investment Grows
In 2025, US spot Bitcoin ETFs have witnessed exponential growth, thanks to robust and constant institutional inflows. Among all crypto ETFs, Bitcoin ETFs are attracting a huge amount of money.
On July 25, the funds saw $130.8 million in inflow, following the 2-day streak of positive inflow. BlackRock’s Bitcoin ETF (IBIT) led the pack with $92.8 million, followed by Ark Investment’s Bitcoin ETF (ARKB) at $30.3 million.
The iShares Bitcoin Trust (IBIT) by BlackRock leads US spot Bitcoin ETFs with $85.44 billion in AUM, capturing a significant portion of the Bitcoin ETF market. Fidelity FBTC follows with $21.35 billion, while ARK21Shares and Bitwise hold $5.87-$21.33 billion AUM, lagging behind due to high fees.
Amid a surge in institutional adoption and positive development from the regulatory side, the Bitcoin price has also witnessed a historic rally, breaking the $123,000 mark. At the time of writing, BTC is trading at around $118,000 with approximately 1% drop in a day, according to CoinMarketCap.
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