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 (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) 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.
The company also operates Truth+, a streaming service with …