Trump-linked Truth Social files for spot Bitcoin ETF

The mother company of Truth Social has deposited a negotiated fund in exchange for Bitcoin, entering a competitive field of cryptographic investment products.

According to a June 3 deposit With the Securities and Exchange Commission, the Nyse Arca Stock Exchange submitted a 19B-4 form in the name of Yorkville America Digital, the asset manager behind the proposed social bitcoin (BTC) ETF. Yorkville is a partner of Trump Media & Technology Group, the operator of Truth Social and Fintech Platform Truth.fi.

The ETF aims to follow the price of Bitcoin and the list on Nyse Arca. Although the file has not disclosed Ticker or management fees, he appointed FORERI DAX TRUST Company, the Crypto.com active guard, as a goalkeeper proposed by ETF.

SEC now has 45 days to make a decision or delay the deposit. Under the current rules, the agency can take up to 240 days to make a final verdict, the last date of decision falling on January 29, 2026. Yorkville must also submit an S-1 registration detailing the structure, risk factors and the use of ETF products.

Although former president Donald Trump is the majority owner of TMTG, his actions are held in a trust controlled by his son, Donald Trump Jr., since Trump returned to politics. In particular, the FNB documentation does not mention Trump by name.

This ETF would join an already crowded walk From 11 ETF de Bitcoin Spot approved, led by Blackrock’s Ibit, which contains nearly $ 69 billion in assets. However, a product affiliated with Trump could attract a basis of investors with political motivation or raise other questions about conflicts of interest.

“The trust aims to reflect the performance of the Bitcoin Prize,” said the file, “before payment of the expenses and liabilities of the trust”.

TMTG Crypto ambitions go beyond this FNB. In April, the company signed a partnership With Crypto.com and Yorkville to develop FNB Crypto “Made in America” ​​and promised up to $ 250 million from its reserves to finance these companies. Last week, TMTG raised $ 2.4 billion to build a bitcoin treasure.

Trump Media also deposited for the mark “Truth.fi Bitcoin Plus ETF” in February, as part of its expanding fintech imprint and its crypto. Critics argue that the involvement of Trump’s cryptography blurs the border between business and politics. However, the FNB marks a new chapter of the consumer push of Crypto, with a political weight behind.