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Trump Media and Technology Group, the parent company of Truth Social, filed an S-1 registration statement with the U.S. Securities and Exchange Commission to launch the Truth Social Bitcoin BTC/USD and Ethereum ETH/USD ETF, B.T., allocating 75% of its assets to Bitcoin and 25% to Ethereum.
The filing marks a significant step in the company’s expansion into cryptocurrency investment products, aligning with its broader push into financial services through its Truth.Fi platform.
Truth Social, launched in 2022 as a social media platform to counter perceived Big Tech censorship, has grown to 13 million users, emphasizing free expression.
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