Shocking: Trump-Linked Firm Files Truth Social Bitcoin ETF with SEC
The world of politics, social media, and cryptocurrency is seeing a unique convergence. News recently broke that a **Bitcoin ETF** branded with Donald Trump’s social media platform, Truth Social, is now seeking approval from the U.S. Securities and Exchange Commission (SEC).
The Truth Social Branded Fund Explained
This potential new exchange-traded fund is tied to former US President Donald **Trump** through his ownership of Trump Media & Technology Group, the parent company of Truth Social. The filing for the ETF was made by NYSE Arca with the SEC on June 3, on behalf of Yorkville America Digital. Yorkville is a partner of Trump Media.
Key details from the filing include:
- **Goal:** To list on the NYSE Arca exchange.
- **Tracking:** The ETF aims to track the price of Bitcoin (BTC).
- **Custodian:** Foris DAX Trust Company, known for its work with Crypto.com, is listed as the proposed custodian.
- **Fees/Ticker:** The filing did not disclose management fees or a ticker symbol yet.
Navigating the SEC Filing Process
The submission of the 19b-4 **SEC filing** officially kicks off the regulatory review process. The SEC initially has 45 days to decide whether to approve, reject, or delay the application. They have the ability to extend this review period multiple times, potentially up to a maximum of 240 days. The latest possible decision date for this particular application is January 29, 2026.
Beyond the 19b-4, Yorkville will also need to submit an S-1 registration statement. This document provides the SEC with detailed information about the fund’s structure, operations, intended use of investor proceeds, and associated risks.
Trump’s Expanding Crypto Empire and Market Impact
If approved, this **Bitcoin ETF** would enter a market already populated by 11 similar funds in the U.S., dominated by major players like BlackRock’s iShares Bitcoin Trust ETF (IBIT), which holds substantial assets. The entry of a Truth Social-branded fund adds a unique, politically charged element to this competitive landscape.
This filing also highlights the growing number of **Crypto** projects and ventures linked to Donald **Trump** and his family. These include various non-fungible token (NFT) collections, memecoins, a stablecoin initiative, investments in a crypto mining company, and a crypto platform with its own token. Critics have raised questions about potential conflicts of interest given Trump’s political activities.
The **SEC filing** aligns with a broader strategy from Trump Media. In April, the company signed an agreement with Yorkville America Digital and Crypto.com to explore launching a series of “Made in America” crypto ETFs. Trump Media had also previously filed for a “Truth.Fi Bitcoin Plus ETF” in February and is exploring integrating a utility token and digital wallet into its video streaming service, Truth+, as stated by CEO Devin Nunes.
Conclusion
The filing for a Truth Social **Bitcoin ETF** represents a notable development in the intersection of high-profile figures, social media platforms, and the cryptocurrency market. While the **SEC filing** process is lengthy and its outcome uncertain, it underscores the increasing mainstream attention and diverse interests converging on the digital asset space. This move adds another layer to the complex relationship between the **Trump** brand and the evolving world of **Crypto**, promising continued interest and discussion.
