Trump’s Truth Social Bitcoin ETF Seeks SEC Approval

Truth Social is nearing the launch of a Bitcoin exchange-traded fund, as it filed to list a new Bitcoin ETF on the NYSE Arca with the SEC. The Form 19b-4, sent on June 4th, asks the SEC to approve an ETF that will follow the price of Bitcoin. This is a big step for Trump Media and Technology Group’s growing interest in digital assets.

SEC papers state that the ETF will track the price changes of Bitcoin. Truth Social and Yorkville America Digital, LLC are collaborating on this project. Foris DAX Trust Company will custody the Bitcoin.

Trump-linked Truth Social Hinges Closer to ETF

The filing states that “The Trust seeks to reflect generally the performance of the price of Bitcoin,” before factoring in expenses and other associated costs.

Although Donald Trump’s name does not appear in the ETF documentation, Truth Social is undeniably a key product of Trump Media and Technology Group (Nasdaq: DJT), the majority of which the former U.S. president owns.

Filing Form 19b-4 is required for any ETF wanting to be listed on a U.S. exchange. This initiates the SEC’s review, which includes a period for public feedback and potential changes. The SEC usually takes up to 240 days to approve or reject these requests.

Yorkville America Digital, formerly called an “America-first asset management firm,” will be the ETF’s sponsor. Yorkville will manage the trust and ensure it complies with all relevant market regulations.

Foris DAX Trust Company, linked to Crypto.com, will be the custodian, safely holding the ETF’s Bitcoin. This plan began on April 22nd, when Trump Media said it was working with Crypto.com to launch crypto ETFs. This includes Foris DAX providing custodial and infrastructure help.

Trump Media Development Shift

This ETF filing is part of Trump Media’s plan to develop digital finance products, including a Trump-branded wallet. The company also runs Truth.Fi, which began in January 2025, can invest over $250 million in assets, including ETFs, Bitcoin, and similar securities.

The company has recently established a corporate Bitcoin treasury, supported by a $2.5 billion investment. This funding will help the company’s new financial products, particularly its entry into Bitcoin ETFs.

Truth Social’s entry into the ETF market puts it in competition with many other firms seeking spot crypto ETFs. The SEC has already approved some spot Bitcoin ETFs; however, this filing is significant due to the platform’s ties to Donald Trump and its political connections.

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