Truth Social’s parent company has filed for a spot Bitcoin exchange-traded fund, entering a competitive field of crypto investment products.
According to a June 3 filing with the Securities and Exchange Commission, stock exchange NYSE Arca submitted a Form 19b-4 on behalf of Yorkville America Digital, the asset manager behind the proposed Truth Social Bitcoin (BTC) ETF. Yorkville is a partner of Trump Media & Technology Group, the operator of Truth Social and fintech platform Truth.Fi.
The ETF aims to track the price of Bitcoin and list on NYSE Arca. While the filing didn’t disclose a ticker or management fee, it named Foris DAX Trust Company, Crypto.com’s asset custodian, as the ETF’s proposed custodian.
The SEC now has 45 days to issue a decision or delay the filing. Under current rules, the agency can take up to 240 days to reach a final verdict, with the latest decision deadline falling on Jan. 29, 2026. Yorkville must also submit an S-1 registration detailing the ETF’s structure, risk factors, and use of proceeds.
Though former President Donald Trump is the majority owner of TMTG, his shares are held in a trust controlled by his son, Donald Trump Jr., since Trump re-entered politics. Notably, the ETF documentation does not mention Trump by name.
This ETF would join an already crowded market of 11 approved spot Bitcoin ETFs, led by BlackRock’s IBIT, which holds nearly $69 billion in assets. Still, a Trump-affiliated product could attract a politically motivated investor base or raise further questions about conflicts of interest.
“The Trust seeks to reflect the performance of the price of bitcoin,” the filing states, “before payment of the Trust’s expenses and liabilities.”
TMTG’s crypto ambitions go beyond this ETF. In April, the company signed a partnership with Crypto.com and Yorkville to develop “Made in America” crypto ETFs and has pledged up to $250 million from its reserves to fund these ventures. Last week, TMTG raised $2.4 billion to build a Bitcoin treasury.
Trump Media also filed for the trademark “Truth.Fi Bitcoin Plus ETF” in February, part of its expanding fintech and crypto footprint. Critics argue Trump’s crypto involvement blurs the line between business and politics. Still, the ETF marks a new chapter in crypto’s mainstream push, with political weight behind it.
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