A new spot Bitcoin exchange-traded fund (ETF) tied to Truth Social, the media platform owned by Donald Trump, has been filed for listing on the New York Stock Exchange.
NYSE Arca submitted a Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) on June 4, for the ETF’s approval. The fund aims to track the price of Bitcoin and is part of Trump Media and Technology Group’s growing presence in the digital asset space.
According to the official SEC filing, the ETF intends to reflect the price performance of Bitcoin. The proposed fund is being launched through a partnership between Truth Social and Yorkville America Digital, LLC. The custodian of the Bitcoin assets will be Foris DAX Trust Company.
The filing notes that, “The Trust seeks to reflect generally the performance of the price of Bitcoin,” before expenses or other costs. No trading ticker or fee structure has yet been announced.
Although Donald Trump’s name is not mentioned in the ETF documentation, Truth Social is a product of Trump Media and Technology Group (Nasdaq: DJT), which is majority-owned by the US president.
A Form 19b-4 is a necessary step for any ETF to be listed on a U.S. exchange. It allows the SEC to begin its review process, which includes public comments and potential amendments. The SEC however typically takes up to 240 days to approve or deny such applications.
Subsequently, the ETF will be sponsored by Yorkville America Digital, an investment firm that previously referred to itself as an “America-first asset management firm” in public statements. Yorkville will be responsible for managing the trust and ensuring compliance with market regulations.
Foris DAX Trust Company, associated with Crypto.com, has been named as the custodian. It will hold the Bitcoin assets underlying the ETF. On April 22, Trump Media signed a partnership with Crypto.com to support the launch of cryptocurrency ETFs, which included establishing custodial and infrastructure support through Foris DAX.
The filing comes amid broader efforts by Trump Media to develop digital finance offerings including a Trump coin wallet. The company also operates Truth.Fi, which launched in January 2025 and was granted authority to invest over $250 million in assets such as ETFs, Bitcoin, and similar products.
This ETF filing follows a number of financial developments from Trump Media. In recent months, the company created a corporate Bitcoin treasury backed by a $2.5 billion offering. These funds will support the company’s new financial products, including its venture into Bitcoin ETFs.
Truth Social’s entry into the ETF market places it alongside other firms pursuing spot cryptocurrency ETFs. While the SEC has approved several spot Bitcoin ETFs earlier, this filing is notable because of the platform’s connection to Donald Trump and its political affiliations.
The SEC, under new Chairman Paul Atkins, has shown an adjusted stance toward digital assets. Moreover, recent policy moves have included dropping several investigations into crypto companies and promoting an open dialogue with the industry.
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