The New York Stock Exchange Arca has filed to list a new spot Bitcoin exchange-traded fund (ETF) linked to Truth Social. The ETF, backed by Yorkville America Digital and Trump Media & Technology Group, aims to track Bitcoin’s market price. If approved, this ETF will compete with major funds already operating in the crowded cryptocurrency ETF market.
The application, submitted to the U.S. Securities and Exchange Commission (SEC) on June 3, formally begins the agency’s 240-day review period. The ETF will list under Truth Social’s branding and seek to expand Trump Media’s digital finance reach. The product could significantly widen Truth Social’s presence within the cryptocurrency and financial technology sectors.
Trump Media, which owns Truth Social, partnered with Yorkville and Crypto.com to develop a series of ETFs under its fintech platform, Truth.Fi. According to filings, these ETFs are positioned as “Made in America” products. The Truth Social Bitcoin ETF will be custodied by Foris DAX Trust Company, known for safeguarding Crypto.com’s assets.
Truth Social Bitcoin ETF Faces Crowded Market Conditions
The proposed ETF intends to list on NYSE Arca and will directly track Bitcoin’s spot price, unlike futures-based ETFs. Truth Social’s majority owner, Donald Trump, has placed his shares in a trust controlled by his son, Donald Trump Jr. Despite this structure, critics claim potential conflicts of interest remain due to the ETF’s presidential connections.
Trump’s company just filed for a Truth Social Bitcoin ETF, which will track spot bitcoin and list on NYSE. pic.twitter.com/I3ejMbhyl1
— Eric Balchunas (@EricBalchunas) June 3, 2025
Current market conditions show intense competition, with 11 spot Bitcoin ETFs already in operation. The dominant player is BlackRock’s iShares Bitcoin Trust ETF (IBIT), which holds around $69 billion in assets. This underscores the significant challenge that Truth Social’s ETF faces in gaining market share.
Yorkville America Digital has not disclosed a management fee or ticker symbol for the fund. It still needs to file an S-1 registration statement to outline the ETF’s operation and investor details. If approved, the Truth Social ETF will become one of the few politically associated funds in the digital asset space.
Truth.Fi Platform Drives Trump Media’s Crypto Plans
Truth Social’s parent company, Trump Media, continues to invest in fintech through its Truth.Fi initiative. A second ETF, named “Truth.Fi Bitcoin Plus,” was filed in February and could receive up to $250 million in funding. This capital is earmarked to expand Truth Social’s financial service offerings through digital assets.
Truth.Fi also aims to introduce a crypto token and wallet for its streaming service, Truth+. These features enable users to pay for subscriptions using the in-house utility token. The long-term plan includes using the token across various Truth Social products and services.
Trump Media’s CEO confirmed the platform’s interest in incorporating digital payments through a trademark application filed last year. The move will allow Truth Social to offer payment services and build a proprietary wallet, aligning with the firm’s broader goal of creating a closed-loop financial system.
Trump-Linked Crypto Ventures Continue to Expand
Truth Social has grown its digital portfolio rapidly across multiple crypto verticals. Its involvement now includes NFTs, memecoins, a stablecoin, a crypto mining venture, and a digital token platform. These moves illustrate a deepening connection between Trump Media and the evolving blockchain sector.
Despite transferring his Trump Media shares, Donald Trump’s association with cryptocurrency-related businesses continues to draw scrutiny. Observers point to his ongoing personal and political interests intersecting with these businesses. However, the company maintains that the ventures are part of a legitimate business expansion.
If approved, Truth Social’s ETF could bring political visibility to the crypto ETF market. The SEC has until January 29, 2026, to decide on the application. Delays can occur, but approval would mark another significant step in the Truth Social crypto expansion.
FAQs
What is the Truth Social Bitcoin ETF?
It is a proposed spot Bitcoin ETF seeking SEC approval, branded under Truth Social and managed by Yorkville America Digital.
Who owns Truth Social?
Truth Social is owned by Trump Media & Technology Group, with Donald Trump as the majority stakeholder via a trust.
What exchange will the ETF list on?
The ETF aims to list on NYSE Arca, pending approval from the Securities and Exchange Commission.
What is the SEC’s review timeline?
The SEC has a maximum of 240 days to approve, reject, or delay the application, with a final deadline of January 29, 2026.
What other crypto projects is Trump Media involved in?
Trump Media has investments in NFTs, memecoins, a stablecoin, a crypto mining company, and a token platform.
Glossary of Key Terms
Truth Social – A social media platform owned by Trump Media, central to the firm’s digital and financial expansion.
ETF (Exchange-Traded Fund) – A fund that tracks the price of an asset and trades on stock exchanges.
Spot Bitcoin ETF – An ETF that directly tracks the price of actual Bitcoin rather than Bitcoin futures.
Securities and Exchange Commission – The U.S. agency responsible for regulating securities markets and approving ETF filings.
Custodian – A financial institution responsible for safeguarding a fund’s assets.
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