Trump-Linked Bitcoin ETF Filed with SEC as Crypto Ties Deepen
The cryptocurrency footprint of US President Donald Trump could expand significantly following a new regulatory filing that proposes a Bitcoin exchange-traded fund (ETF) under the branding of his social media platform, Truth Social.
On June 3, NYSE Arca submitted a filing to the U.S. Securities and Exchange Commission (SEC) on behalf of Yorkville America Digital, a crypto asset manager and strategic partner of Trump Media & Technology Group (TMTG), which owns Truth Social. The filing seeks to launch the “Truth Social Bitcoin ETF,” marking another high-profile attempt to gain ground in the increasingly competitive Bitcoin ETF market.
Trump, who holds a majority stake in Trump Media, transferred ownership to a trust managed by his son, Donald Trump Jr., before resuming presidential duties.
The proposed ETF aims to track the price of Bitcoin and would be listed on NYSE Arca. While the filing does not specify a ticker symbol or management fee, it names Foris DAX Trust Company—the custodian of Crypto.com’s assets—as the proposed fund custodian.
If approved, the Truth Social Bitcoin ETF would join a saturated market dominated by heavyweights like BlackRock’s iShares Bitcoin Trust (IBIT), which currently manages nearly $69 billion in assets. Still, the Trump-backed ETF could attract attention due to the former president’s controversial and expanding involvement in the crypto sector.
Critics argue Trump’s crypto endeavors present a conflict of interest, particularly as he campaigns for re-election. His family has been linked to numerous digital asset initiatives, including NFT collections, memecoins, a stablecoin, a crypto mining operation, and a digital asset exchange.
The ETF filing follows an April announcement by Trump Media, Yorkville, and Crypto.com to collaborate on a series of “Made in America” crypto ETFs. The 19b-4 filing initiates the SEC’s review process, which includes a 45-day decision window that can be extended up to 240 days. The final decision deadline is January 29, 2026.
Yorkville must also submit an S-1 registration statement detailing the ETF’s structure, offering terms, risk factors, and how proceeds will be used.
In addition, Trump Media filed for another crypto ETF in February—the “Truth.Fi Bitcoin Plus ETF”—which may tap into a $250 million budget allocated to its fintech platform, Truth.Fi.
Beyond ETFs, Trump Media is pushing further into digital assets. CEO Devin Nunes revealed plans to integrate a crypto token and wallet into the Truth+ streaming platform, initially enabling subscription payments and potentially expanding to other platform services.
This ambition was hinted at last November when Trump Media filed a trademark application to support crypto payments and digital wallet services under the Truth.Fi brand.
