Truth Socialâs Parent Company Seeks Approval for Bitcoin ETF
Yorkville America Digital, a partner of Trump Media & Technology Group (TMTG), has filed for a spot Bitcoin exchange-traded fund (ETF).This move places the company in a competitive crypto investment market. The filing was made on June 3 with the Securities and Exchange Commission (SEC).
The ETF aims to mirror Bitcoinâs price performance.Foris DAX Trust Company, Crypto.comâs asset custodian, will manage the ETFâs assets.
The ETF aims to track bitcoinâs price and will be listed on NYSE Arca. The SEC has 45 days to decide or delay the filing. The agency can take up to 240 days to reach a final decision, with the latest deadline set for January 29, 2026. yorkville must also submit an S-1 registration detailing the ETFâs structure, risks, and use of proceeds.
Donald Trump, the majority owner of TMTG, holds his shares in a trust controlled by his son, Donald Trump Jr. The ETF documentation does not mention Trump by name. This ETF would join 11 approved spot Bitcoin ETFs, with BlackRockâs IBIT leading at nearly $69 billion in assets.
A Trump-affiliated product could attract politically motivated investors or raise questions about conflicts of interest.TMTGâs crypto ambitions extend beyond this ETF. In April, the company partnered with Crypto.com and Yorkville to develop âMade in Americaâ crypto ETFs and pledged up to $250 million for these ventures. last week, TMTG raised $2.4 billion to build a Bitcoin treasury.
Trump Media also filed for the trademark âTruth.Fi Bitcoin Plus ETFâ in February. Critics argue Trumpâs crypto involvement blurs business and politics lines. However, the ETF marks a new chapter in cryptoâs mainstream push, with political weight behind it.
