Trump-Linked Asset Manager Files Truth Social Bitcoin ETF with SEC
US President Donald Trump’s crypto portfolio continues expanding as NYSE Arca filed for the Truth Social Bitcoin ETF with the Securities and Exchange Commission on June 3. The filing was submitted on behalf of Yorkville America Digital, a crypto asset manager partnering with Trump Media & Technology Group.
Trump’s Growing Crypto Empire
Trump maintains majority ownership of Trump Media through a trust controlled by Donald Trump Jr. The proposed ETF aims to list on NYSE Arca and track Bitcoin’s price, with Foris DAX Trust Company serving as custodian.
Bitcoin ETFs on NYSE trading – Source: Cointelegraph
The Trump-linked ETF enters a competitive market of 11 Bitcoin ETFs, dominated by BlackRock’s iShares Bitcoin Trust ETF (IBIT) holding nearly $69 billion in assets under management.
Regulatory Timeline and Process
The SEC has 45 days to accept, reject, or delay the application, with potential extensions allowing up to 240 days maximum review period. The final decision deadline is January 29, 2026. Yorkville must also file an S-1 registration statement detailing fund operations and investor risks.
Truth.Fi Integration Plans
Trump Media filed for a “Truth.Fi Bitcoin Plus ETF” in February, potentially receiving $250 million allocation for its fintech platform. CEO Devin Nunes announced plans to integrate crypto tokens and wallets into Truth+ streaming service, enabling subscription payments and expanding throughout the Truth ecosystem.
Trump Media crypto expansion plans – Source: The Block
The company filed trademark applications in November for digital asset wallet and crypto payment processing on Truth.Fi, signaling broader cryptocurrency adoption plans.
Market Impact
This development adds to Trump’s controversial crypto ties, including NFT collections, memecoins, stablecoins, mining companies, and trading platforms. Critics argue these ventures create presidential conflicts of interest, while supporters view them as innovative financial solutions.
The ETF filing follows Trump Media’s April agreement with Yorkville America Digital and Crypto.com to launch “Made in America” crypto ETFs, positioning the company for significant cryptocurrency market participation.
