The U.S. Securities and Exchange Commission on 13 June declared effective Trump Media and Technology Group’s S-3 registration statement, clearing the company to raise as much as $2.3 billion for a Bitcoin treasury. The approval removes a key regulatory hurdle and allows the owner of the Truth Social platform to proceed with plans for a multi-billion-dollar purchase of the largest cryptocurrency for corporate reserves. Building on that clearance, Trump Media filed an S-1 with the SEC on 16 June seeking to launch the “Truth Social Bitcoin and Ethereum ETF.” The fund, sponsored by Yorkville America Digital, would allocate roughly 75% of its assets to Bitcoin and 25% to Ether, rebalancing quarterly, and aims to list on NYSE Arca under a yet-to-be-assigned ticker. SEC review of the proposed spot ETF is pending. The moves deepen former President Donald Trump’s corporate push into digital assets, positioning his media venture both as a direct holder of Bitcoin and a prospective ETF issuer. If approved, the dual initiatives would give the company exposure to the two largest cryptocurrencies while broadening investment options for retail and institutional investors.