Key Takeaways:
- A Truth Social-branded Bitcoin ETF has been filed with the SEC, backed by Yorkville America Digital and tied to Trump Media.
- The ETF would join a crowded market dominated by firms like BlackRock, amid ongoing scrutiny of Trump’s expanding crypto ventures.
- The SEC has until January 29, 2026, to approve or reject the ETF; additional filings and disclosures are still required.
A Trump-linked firm has filed for a new Bitcoin ETF branded with Truth Social, Donald Trump’s social media platform.
The application was submitted to the SEC on June 3 by NYSE Arca on behalf of Yorkville America Digital, a digital asset manager partnered with Trump Media & Technology Group.
Trump’s company just filed for a Truth Social Bitcoin ETF, which will track spot bitcoin and list on NYSE. pic.twitter.com/I3ejMbhyl1
— Eric Balchunas (@EricBalchunas) June 3, 2025
Though Trump remains the majority owner, his shares are held in a trust controlled by Donald Trump Jr.
The proposed ETF would track Bitcoin’s price and list on NYSE Arca, with Foris DAX Trust Company – Crypto.com’s custodian – named as the fund’s custodian.
Key details like the ticker and management fee remain undisclosed.
If approved, the ETF would join 11 existing Bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust, which holds nearly $69 billion in assets under management.
The filing is part of Trump Media’s broader crypto expansion, which includes NFT collections, a memecoin, a stablecoin, previous ETF proposals, and plans for a utility token in the Truth+ streaming platform.
The SEC now has up to 240 days to issue a decision. An S-1 registration is also required to finalize the ETF.
Critics warn that such ventures may present a conflict of interest due to Trump’s public office role and his expanding commercial crypto involvement.
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