recentSocial media platform Truth Social operated by the Trump Media & Technology Group (TMTG), has officially entered the competitive spot Bitcoin ETF market. In a recent 19b-4 filing with the U.S. Securities and Exchange Commission (SEC), submitted via NYSE Arca, the company seeks approval to list and trade shares of a new product—the Truth Social Bitcoin ETF. The fund is sponsored by Yorkville America Digital.
If approved, the ETF would allow investors to gain regulated exposure to Bitcoin’s spot market without directly holding the asset, marking a significant step for a company primarily known for social media.
Truth Social’s Bitcoin ETF Filing
In an official filing with the U.S Securities Exchange and Commission (SEC), Trump’s Truth Social applied for a Bitcoin ETF to leverage the spot price of Bitcoin in real time. The ETF will give investors the option to invest in digital currency through a regulated way, without having to handle digital wallets or trading platforms themselves.
“The Shares have been designed to remove the obstacles represented by the complexities and operational burdens involved in a direct investment in bitcoin, while at the same time having an intrinsic value that reflects, at any given time, the investment exposure to the bitcoin owned by the Trust,” reads the Form 19b-4 submitted to the SEC.
The ETF will be governed by NYSE Arca Rule 8.201-E, which covers commodity-based trust shares. Creation and redemption of shares will occur in baskets of 10,000 units or more, and the fund’s net asset value (NAV) will be calculated daily using the CF Benchmarks Index. Foris DAX Trust Company is named as the fund’s custodian.
However, the main details like the fund’s fees and ticker are not revealed in the Form 19b-4. More details are expected to be released in the company’s planned S-1 registration filing, set to be submitted by Yorkville.
Trump’s Name Left Out of the Official BTC ETF Filing
Despite it being clear that the U.S president Donald Trump owns Truth Social, the official filing to the SEC did not mention his name anywhere. Bloomberg’s senior ETF analyst Eric Balchunas noted the exclusion of Trump’s name from the filing.
Looks like Foris DAX is the custodian. No fee or ticker. I’m guessing we will see a S-1 soon w more info. Also notable “Trump” name not on the ETF or anywhere in docs really. Altho everyone knows who own Truth Social pic.twitter.com/p4eqbh1gcp
— Eric Balchunas (@EricBalchunas) June 3, 2025
Nonetheless, the SEC has up to 45 days from when the filing appears in the Federal Register to issue a response. That period may be extended to a maximum of 240 days, setting a final decision deadline of January 29, 2026. Should it be approved, Truth Social would become the first social media platform to sponsor a Bitcoin ETF.
Truth Social’s Bitcoin ETF filing builds on Trump Media’s recent financial strategies. This includes the February move to trademark various customized ETFs and separately managed accounts. The company has formed partnerships, one example being licenses with Yorkville Advisors.
How is Bitcoin Performing Amidst the News?
An ETF filing, especially from Truth Social, has the potential to boost the sentiment around Bitcoin. However, that has not been the case. As per data by CoinMarketCap, Bitcoin is currently priced at $105,484, marking just 0.33% surge on the day. This means that BTC is only relatively stable following a recent dip. BTC dropped from the $106,700 reached in the early morning session on June 3 to the current level.
On the day, the trading volume of Bitcoin also dropped. The trading recorded over the last 24 hours is $44.28 billion. This shows a 6.82% drop over this period.
Nonetheless, if approved, the Truth Social BTC ETF could offer new opportunities to investors. And potentially, this could bolster the price of Bitcoin in future. The crypto community will proceed to monitor developments around the ETF in the meantime.
