Tuesday, July 1, 2025

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Truth Social Applies for Bitcoin ETF Listing

Regulators received a formal request Tuesday from NYSE Arca to authorize trading of a Bitcoin exchange-traded fund bearing the Truth Social brand of President Donald Trump’s media empire, representing another expansion of Trump-linked ventures into digital currencies.

The Truth Social Bitcoin ETF would offer investors exposure to Bitcoin through traditional stock exchanges, joining a field of similar investment vehicles that have attracted more than $130 billion in assets since federal approval in January 2024.

The application was submitted by Yorkville America Digital through its collaboration with Trump Media & Technology Group, Truth Social’s parent company. Trump holds majority ownership of the media company, though he transferred his shares to a trust controlled by his son Donald Trump Jr. before taking office.

The Securities and Exchange Commission has up to 45 days to initially review the application under a process that could extend until January 2026. Should regulators grant approval, Foris DAX Trust Company — the entity that provides asset custody services for Crypto.com — would handle the fund’s Bitcoin holdings.

The filing is the latest crypto venture tied to Trump, whose business interests now span digital asset mining, trading platforms, meme coins, and a recently announced $2.5 billion Bitcoin treasury for Trump Media. Critics have raised conflict-of-interest concerns about Trump’s expanding crypto holdings while serving as president.

Trump Media announced a partnership with Crypto.com in March to develop what it called “Made in America” investment products, including cryptocurrency baskets and ETFs targeting global investors through major brokerage platforms.

The Bitcoin ETF market has exploded since regulators first approved spot funds last year, with BlackRock’s iShares Bitcoin Trust dominating the space through approximately $69 billion in managed assets. The proposed Truth Social fund would compete in an increasingly crowded field of similar investment products.

Trump Media CEO Devin Nunes has said the company aims to give investors “a means to invest in American energy, manufacturing, and other firms that provide a competitive alternative to the woke funds and debanking problems that you find throughout the market,” though specific details about the Bitcoin ETF’s structure and fees were not disclosed in Tuesday’s filing.

The filing comes as the Trump administration has signaled a more crypto-friendly regulatory approach, with new SEC Chair Paul Atkins describing it as a “new day” for digital asset oversight.

Trump Media shares rose slightly in after-hours trading following news of the ETF filing. The company has been expanding its financial services through its Truth.Fi platform, which received approval to invest up to $250 million of the company’s cash reserves in various assets including cryptocurrencies.



Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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