- Trump’s Truth Social Bitcoin ETF filing was submitted on June 3 to the SEC via the NYSE Arca exchange.
- TMTG pledged $250 million for crypto ETFs and raised $2.4 billion to build a Bitcoin treasury.
- The SEC must decide on the ETF filing by January 29, 2026, with a possible 240-day extension.
Former US President Donald Trump’s crypto ventures may soon grow larger, as recent filings reveal plans for a Bitcoin exchange-traded fund (ETF) tied to his Truth Social platform.
On June 3, the NYSE Arca exchange filed the Truth Social Bitcoin ETF application with the Securities and Exchange Commission (SEC). The filing was submitted on behalf of Yorkville America Digital, a crypto asset manager partnered with TMTG, signaling collaboration between these entities to launch the new ETF.
Though Trump remains the majority owner of TMTG, his shares have been transferred into a trust controlled by his son, Donald Trump Jr., following Trump’s return to political life. The ETF’s filing notably does not mention Trump by name, reflecting the trust’s control rather than direct ownership.
The proposed ETF aims to list on NYSE Arca and track Bitcoin’s price movements. The filing does not specify a ticker symbol or management fee but identifies Foris DAX Trust Company, custodian of Crypto.com’s assets, as the proposed custodian for the fund’s assets.
Trump’s TMTG Backs $250M Crypto ETFs
Trump’s Bitcoin ETF would join a crowded market of 11 approved spot Bitcoin ETFs, including BlackRock’s IBIT, which manages nearly $69 billion. A Trump-branded ETF could attract a politically motivated investor base, raising concerns about possible conflicts of interest between Trump’s political role and his business ventures.
Trump Media & Technology Group (TMTG) crypto plans extend beyond this ETF. Earlier in April, it partnered with Crypto.com and Yorkville to develop “Made in America” crypto ETFs. The company pledged up to $250 million from its reserves to support these initiatives and recently raised $2.4 billion to build a Bitcoin treasury, demonstrating aggressive financial backing.
Trump Media has also sought to trademark “Truth.Fi Bitcoin Plus ETF,” hinting at an expanding fintech and crypto platform. Critics argue these moves blur the lines between Trump’s political duties and his growing crypto business empire. Despite concerns, this filing signifies crypto’s further mainstream acceptance, now with a politically prominent figure involved.
TMTG and the Trump family have deepened their involvement in crypto through multiple projects, including NFTs, memecoins, a stablecoin, crypto mining operations, and a crypto platform with an associated token. These diverse ventures underline Trump’s broadening influence in the crypto ecosystem.
SEC Review Process and Regulatory Timeline
The ETF filing officially triggers the SEC’s review process under the 19b-4 rule. The SEC must decide whether to approve, reject, or delay the application within 45 days, but may extend the review for up to 240 days.
A final decision on the Truth Social Bitcoin ETF application is required by January 29, 2026, at the latest. Yorkville will also need to file an S-1 registration statement outlining the fund’s operational details, investor use of proceeds, and risk disclosures.
Trump Media’s fintech platform Truth.Fi might grab a share of the dedicated crypto initiatives amounting to $250 million including the newly stated “Truth.Fi Bitcoin Plus ETF.”
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