Trump’s Truth Social Enters Crypto Arena With New Bitcoin ETF Proposal
A new Bitcoin exchange-traded fund connected to Donald Trump’s media venture is aiming to enter the U.S. market.
The proposed ETF, dubbed the Truth Social Bitcoin ETF, has been officially filed with the Securities and Exchange Commission (SEC) for listing and trading on NYSE Arca.
The fund is managed by Yorkville America Digital, LLC and is designed to track the spot price of Bitcoin. According to the filing, Bitcoin held within the ETF will be custodied by Foris DAX Trust Company.
The proposal, submitted under SEC Rule 8.201-E, would make this fund one of the first Bitcoin ETFs directly associated with a political brand—specifically Trump’s Truth Social platform.
While the filing doesn’t mention Trump personally, the association through Truth Social adds a unique dimension to the ETF landscape, merging the former president’s brand with the digital asset sector.
If approved, the fund would allow investors exposure to Bitcoin’s real-time market value through traditional financial markets, expanding the growing list of spot Bitcoin ETFs in the U.S. following the landmark wave of approvals earlier this year.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
