A Bitcoin ETF under the Truth Social brand has formally been shipped to the United States regulators for evaluation. On June 3rd, stock exchange NYSE Arca filed the application with the Securities and Exchange Commission (SEC) on behalf of Yorkville America Digital, a digital asset management firm affiliated with Trump Media & Technology Group (TMTG).
The filing proposes listing the ETF on NYSE Arca, with the fund designed to track the price performance of Bitcoin. Though the application outlined the structure and custodian—Foris DAX Trust Company, known for managing assets for Crypto.com—it did not mention a stock ticker or any management fees.
At the core of this initiative is former President Donald Trump, who holds a majority stake in TMTG. His shares were transferred into a trust administered by his son, Donald Trump Jr., ahead of his potential return to the White House.
If approved, this fund would enter a crowded market where eleven Bitcoin ETFs are already active, including BlackRock’s iShares Bitcoin Trust ETF (IBIT), which leads the sector with nearly $69 billion in assets under management. The filing strengthens Trump’s growing association with the crypto industry—a relationship that has prompted scrutiny and debate over ethical implications tied to his political role.
NFTs, meme coins, a stablecoin, a mining project, and a bespoke trading platform with its own token are just a few of Trump’s endeavors in the realm of digital assets. This particular ETF application follows an April partnership agreement between TMTG, Yorkville, and Crypto.com, aiming to launch a series of U.S.-branded crypto ETFs under the “Made in America” label.
When Form 19b-4 was submitted, the SEC’s review was started and a 45-day decision window was initiated. The Commission may choose to approve, deny, or extend the timeline, with multiple delays permitted. The final deadline for a ruling is January 29, 2026. Additionally, before trading can commence, Yorkville must file an S-1 registration statement, which will detail the fund’s structure, operations, risk disclosures, and how investor capital will be utilized.
This isn’t the first ETF move from TMTG. Back in February, the company filed for another fund called the “Truth.Fi Bitcoin Plus ETF,” which may tap into a $250 million allocation for its fintech platform, Truth.Fi.
TMTG’s vision for cryptocurrency goes further than just exchange-traded funds. In a shareholder update on April 29th, CEO Devin Nunes revealed that the company is planning to embed a digital wallet and launch a utility token within its upcoming video platform, Truth+.
The company is presently “evaluating the rollout of a utility token inside a Truth digital wallet,” according to Nunes. The token can first be used to cover Truth+ subscription costs, with future applications potentially extending across a broader range of TMTG services and platforms.
OKX has unveiled plans to revise the components of multiple cryptocurrency indexes, marking a notable shift within the digital asset sector. In a recent statement, the exchange emphasized that these updates are designed to better reflect evolving market dynamics and align with current regulatory standards.
The move is expected to have an immediate influence on trading strategies and market valuations, offering a more accurate representation of asset performance within OKX’s ecosystem.
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