- NYSE Arca filed for a Truth Social Bitcoin ETF on June 3rd for Trump Media partner Yorkville America Digital.
- Trump holds majority Trump Media shares, now held in a trust managed by Donald Trump Jr.
A Bitcoin ETF carrying the Truth Social name is now under consideration by U.S. regulators. Stock exchange NYSE Arca submitted the application to the Securities and Exchange Commission (SEC) on June 3rd.
The filing was made for crypto asset manager Yorkville America Digital, a known partner of Truth Social’s parent company, Trump Media & Technology Group (TMTG).
President Donald Trump holds the largest stake in TMTG. Before returning to the White House, Trump transferred his shares into a trust managed by his son, Donald Trump Jr.
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
This proposed ETF aims to list on the NYSE Arca exchange. Its objective is to mirror the price movements of Bitcoin. The filing did not specify a management fee or a stock ticker symbol for the fund. It named Foris DAX Trust Company, the custodian handling assets for Crypto.com, as the intended custodian for the ETF’s Bitcoin holdings.
Should the SEC approve the application, this Trump-associated ETF would join a competitive field. Eleven other Bitcoin ETFs currently operate, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) holding the largest share of managed assets, valued at nearly $69 billion.
This ETF filing expands Trump’s known connections to the cryptocurrency sector. These ties have drawn criticism. Some observers argue they represent a conflict with presidential responsibilities and suggest Trump profits from his position. Trump and his family are linked to several cryptocurrency initiatives. These include multiple NFT collections, two meme-inspired coins, a stablecoin, a crypto mining operation, and a crypto trading platform with its own token.
The ETF application follows an April agreement between TMTG, Yorkville America Digital, and Crypto.com. That agreement outlined plans to develop a series of cryptocurrency ETFs branded as “Made in America.”
The submission of the 19b-4 form for the Truth Social Bitcoin ETF starts the SEC’s official review clock. The Commission must decide to accept, reject, or delay the application within 45 days. The SEC possesses the authority to extend this review period multiple times.
The absolute final deadline for a decision is January 29, 2026. Before the ETF can launch, Yorkville must also file an S-1 registration statement with the SEC. This document details the fund’s structure, operations, use of investor funds, and associated risks.
TMTG previously filed for a separate ETF in February named the “Truth.Fi Bitcoin Plus ETF.” This fund could potentially access part of the $250 million allocated to TMTG’s financial technology platform, Truth.Fi.
Beyond ETFs: Crypto Plans for Truth+ Streaming
TMTG’s cryptocurrency ambitions extend beyond exchange-traded funds. On April 29th, TMTG CEO Devin Nunes informed shareholders of plans to integrate a cryptocurrency token and a digital wallet into the company’s video streaming service, Truth+.
Nunes stated the company is “exploring the introduction of a utility token within a Truth digital wallet.” He indicated this token could first be used to cover Truth+ subscription fees, with potential future uses across other TMTG products and services.
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