Breaking: Donald Trump’s Truth Social Files to Launch Spot Bitcoin ETF
Summary
- Truth Social Files for Spot Bitcoin ETF via NYSE Arca
- SEC Review Initiated with Form 19b-4 filed on June 4, 2025
- ETF Sponsored by Yorkville America Digital
- Bitcoin Custody by Foris DAX Trust, associated with Crypto.com
- Trump Media Targets $2.5 Billion Bitcoin Treasury
- Expansion into ETFs and Crypto through Truth.Fi and strategic partnerships
A new spot Bitcoin exchange-traded fund (ETF) linked to Truth Social, the media platform owned by Donald Trump, has been proposed for listing on the New York Stock Exchange.
On June 4, NYSE Arca filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), initiating the regulatory review process. The ETF is designed to track the price of Bitcoin and marks another step in Trump Media and Technology Group’s expanding footprint in the digital asset sector.
Truth Social Files to Launch Spot Bitcoin ETF
A spot Bitcoin exchange-traded fund (ETF) tied to Truth Social—the media platform launched by Donald Trump’s Trump Media & Technology Group (Nasdaq: DJT)—has officially been filed for listing on the New York Stock Exchange (NYSE) via its Arca division.
Key Filing Details
- SEC Filing Date: June 4, 2025
- Regulatory Step: NYSE Arca submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC), triggering the formal review process.
- ETF Objective: The fund aims to track the price performance of Bitcoin, “before expenses or other costs,” according to the filing.
- Ticker & Fees: No trading symbol or fee structure has been disclosed yet.
Although Donald Trump is not directly named in the documentation, the ETF is backed by Trump Media and Technology Group, which owns Truth Social and is majority-owned by the former U.S. president.
Sponsor and Custodian Announced
- Sponsor: Yorkville America Digital, LLC — an investment firm with self-described “America-first” values, will manage the trust and ensure regulatory compliance.
- Custodian: Foris DAX Trust Company — affiliated with Crypto.com — will hold the Bitcoin assets underlying the ETF.
The custodianship stems from an April 22 partnership between Trump Media and Crypto.com, aimed at launching a suite of crypto ETF products and building custodial infrastructure through Foris DAX.
Trump Media’s Expanding Crypto Strategy
This ETF filing is part of a broader push by Trump Media into digital finance:
- Truth.Fi Platform: Launched in January 2025, it has regulatory clearance to manage over $250 million in assets, including ETFs and Bitcoin.
- $2.5 Billion Bitcoin Treasury: Trump Media recently established a substantial corporate treasury to back its foray into crypto-based financial products.
- Future Offerings: Initiatives reportedly include a Trump-branded crypto wallet and further ETF ventures.
Context and Regulatory Outlook
Truth Social’s ETF application follows a wave of similar filings amid growing institutional adoption of Bitcoin. While the SEC has approved several spot Bitcoin ETFs this year, Truth Social’s submission is notable for its political associations and media visibility.
The SEC, now led by Chairman Paul Atkins, has shifted its approach to digital assets—recently shelving multiple investigations into crypto firms and signaling a more open regulatory climate for blockchain-based financial products.
Under current rules, the SEC has up to 240 days to approve or reject the ETF, following a period of public comment and potential amendments.
