Truth Social, the media platform owned by Trump Media & Technology Group (Nasdaq: DJT), has filed to list a spot Bitcoin ETF via NYSE Arca, according to a June 4 SEC filing.
The fund, managed by Yorkville America Digital, LLC, will custody Bitcoin through Foris DAX Trust Company, a Crypto.com partner. Notably, while the product is directly tied to Truth Social, the filing does not mention “Trump” by name — a move Bloomberg ETF analyst Eric Balchunas called “strategic but transparent.”
This marks a major follow-up to TMTG’s $2.32 billion raise in late May, where the company revealed plans to build a corporate Bitcoin treasury. The ETF joins a growing club that includes BlackRock’s IBIT, Fidelity, and Franklin Templeton, all approved after the SEC gave the green light to spot Bitcoin ETFs in January 2024.
Trump’s crypto push doesn’t stop at ETFs — TMTG is also involved with meme coins, a stablecoin (USD1), and World Liberty Financial, further blurring lines between media, politics, and finance.
At press time, Bitcoin was trading at $105,612.77, according to Kraken. DJT stock edged up 0.96% in after-hours, trading at $22.05.
Whether this ETF clears the SEC or not, it’s clear: crypto and Trump are now officially intertwined on Wall Street.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
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