US President Donald Trump’s sprawling crypto empire could grow even larger, as filings show plans for a Bitcoin exchange-traded fund (ETF) branded with his social media platform, Truth Social.
Stock exchange NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3 on behalf of crypto asset manager Yorkville America Digital, a partner of Truth Social’s owner, Trump Media & Technology Group.
Trump is the majority owner of Trump Media, but moved his shares into a trust controlled by his son, Donald Trump Jr., before he re-entered the White House.
The ETF seeks to list on the NYSE Arca exchange and track the price of Bitcoin (BTC). The filing did not disclose a management fee or ticker but listed Foris DAX Trust Company, the custodian of Crypto.com’s assets, as the proposed custodian.
Source: Eric Balchunas
If approved, the Trump-linked ETF enters a crowded Bitcoin ETF market of 11 similar funds dominated by BlackRock’s iShares Bitcoin Trust ETF (IBIT) with nearly $69 billion in assets under management.
It could also add to Trump’s controversial ties to crypto, which critics say are a conflict of interest with his presidential duties and have accused Trump of profiting from the presidency.
Trump and his family have ties to an increasingly growing number of crypto projects, which include multiple non-fungible token (NFT) collections, two memecoins, a stablecoin, a crypto mining company and a crypto platform with an associated token.
The ETF filing comes after Trump Media signed an agreement in April with Yorkville America Digital and Crypto.com to launch a series of “Made in America” crypto ETFs.
The 19b-4 filing of the Truth Social Bitcoin ETF effectively initiates the SEC’s review process, and it must decide whether to accept, reject or delay the application within 45 days. It can delay its decision multiple times, for a maximum review period of 240 days.
Related: Donald Trump gives conflicting answers over memecoin profits
The SEC must decide on the application by Jan. 29, 2026, at the latest.
Yorkville will also need to file an S-1 registration statement for…
..
