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Trump’s crypto empire might get even bigger. His social platform, Truth Social, is teaming up with Yorkville America Digital to launch a Bitcoin ETF. They just filed the paperwork with the SEC on June 3.
This ETF, if approved, will trade on NYSE Arca and follow Bitcoin’s price. No word yet on the fee or ticker symbol. Crypto.com’s asset keeper, Foris DAX, is named as the custodian.
Trump Media owns Truth Social. Trump himself owns most of Trump Media, though his son Don Jr. controls the shares now.
This new ETF joins a tight crowd of 11 other Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) is leading the race with nearly $69 billion under its belt.
Critics worry this is another Trump cash grab tied to crypto. He already has his name on NFTs, memecoins, a mining firm, and more.
Back in April, Trump Media and Yorkville shook hands with Crypto.com to launch “Made in America” crypto ETFs. This filing kicks off the SEC’s 45-day decision clock. They can extend it—up to 240 days total.
By law, the final yes or no must come by January 29, 2026.
But there’s more: Yorkville still has to file an S-1, a long doc showing how the ETF will run, where the money goes, and the risks.
Trump Media is also working on another ETF: the Truth.Fi Bitcoin Plus. It might tap into $250 million from their fintech fund.
And get this—Truth+ (their streaming site) might soon have crypto payments and a token wallet. Devin Nunes, CEO of Trump Media, told investors they’re thinking of a token for subscriptions and more.
Trump Media hinted at this move last November when they filed to build a crypto wallet and payment system for Truth.Fi.
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