Truth Social, the social media platform owned by Trump Media & Technology Group (NASDAQ: DJT), is advancing toward the debut of its own Bitcoin ETF, as revealed in a fresh filing submitted to the U.S.Commission for Securities and Exchange (SEC) on June 3. The ETF, sponsored by Yorkville America Digital, aims to offer investors streamlined exposure to Bitcoin by tracking its market performance.
The New York Stock Exchange’s wholly electronic branch, NYSE Arca, submitted the application to get regulatory permission for the listing of the Truth Social Bitcoin ETF. This move comes as spot Bitcoin ETFs, such as BlackRock’s iShares Bitcoin ETF (IBIT), continue to draw significant market inflows—highlighting the increasing appeal of regulated crypto investment vehicles.
Although the filing did not specify a management fee or ticker symbol, Foris DAX Trust Company LLC, the custodian for Crypto.com, has been named to oversee the fund’s Bitcoin holdings. According to Eric Balchunas, senior ETF analyst at Bloomberg, a forthcoming S-1 filing will likely reveal further details, though the ETF currently makes no reference to the Trump name directly.
Following the announcement, DJT stock closed at $21.84, up 2.10%, with an additional 0.46% increase in after-hours trading—reflecting rising investor optimism.
In a related move, Trump Media recently disclosed plans to raise $2.5 billion to build a Bitcoin treasury, reinforcing its broader push into the crypto space and supporting its operational infrastructure.
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