From Cointelegraph
June 3, 2025 8:15:00 pm:

President Trump’s crypto empire grows with plans for a Bitcoin ETF linked to Truth Social, filed by NYSE Arca on June 3. Trump Media’s majority owner, Trump moved shares to his son before re-entering the White House. ETF seeks listing on NYSE Arca, tracking Bitcoin price, with Foris DAX Trust Company as proposed custodian.

If approved, Trump-linked ETF joins crowded market dominated by BlackRock’s iShares Bitcoin Trust ETF. Trump’s crypto ties spark controversy, accused of profiting from presidency. His family involved in various crypto projects, including NFT collections, memecoins, stablecoins, mining company, and crypto platform with token.

SEC initiates review process for Truth Social Bitcoin ETF filing, must decide within 45 days, with potential delay up to 240 days. Deadline for decision set for Jan. 29, 2026. Trump Media also filed for “Truth.Fi Bitcoin Plus ETF” in February, potentially receiving funds from fintech platform Truth.Fi. Integration of crypto in video streaming site Truth+ planned. CEO Nunes explores utility token for Truth digital wallet, allowing payments for subscription costs and other services in Truth ecosystem.

Trump Media signals crypto payments venture with trademark application for digital asset wallet on Truth.Fi. Magazine examines conflict of interest and insider trading concerns surrounding Trump’s crypto ventures.

Read more at Cointelegraph: Trump’s Truth Social seeks SEC greenlight for Bitcoin ETF