Summary
- Trump Media & Technology Group reportedly submitted an S-1 filing to list a Bitcoin spot ETF.
- Truth Social announced that the ETF product is aiming for listing on the New York Stock Exchange (NYSE).
- The S-1 filing is an official procedure for disclosing information such as the security structure, risks, and profitability to investors.
It has been reported that Trump Media & Technology Group, owned by Donald Trump, has submitted an S-1 form for the listing of a Bitcoin (BTC) spot exchange-traded fund (ETF).
According to Blockbit, a media outlet specializing in virtual assets (cryptocurrency), on the 5th, Truth Social officially submitted the S-1 filing to the United States Securities and Exchange Commission (SEC) for the launch of a Bitcoin spot ETF. The product aims to be listed on the New York Stock Exchange (NYSE).
Meanwhile, the S-1 filing is an official document that U.S. companies submit to list securities. It is a procedure for disclosing detailed information to investors about the structure, risks, and profitability of the securities being issued.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin drops intraday to the $72,000 level… debate over 'safe-haven credibility' reignited](https://media.bloomingbit.io/PROD/news/e3aeb7f7-851b-4479-bfd0-77d83a3b7583.webp?w=250)
