The asset management company related to Donald Trump submitted the Bitcoin ETF Truth Social to the SEC.

President Donald Trump is facing the opportunity to expand his massive cryptocurrency empire as recent documents reveal plans to launch a (ETF) Bitcoin fund branded with his social media platform Truth Social.

On June 3, the NYSE Arca stock exchange officially submitted a registration application for the Bitcoin Truth Social ETF to the U.S. Securities and Exchange Commission (SEC). This application was made on behalf of Yorkville America Digital, a cryptocurrency asset management company and also a strategic partner of Trump Media & Technology Group, the owner of Truth Social.

Although he is the largest shareholder of Trump Media, Trump transferred all of his shares into a trust managed by his son, Donald Trump Jr., before running for re-election to the White House.

This Bitcoin ETF fund is expected to be listed on the NYSE Arca and operate under a mechanism that tracks the price of Bitcoin. However, specific details such as management fees or trading codes have not yet been disclosed. The filing only mentions Foris DAX Trust Company, the asset custodian of Crypto.com, as the proposed custodian manager.

If approved by the SEC, the Trump-linked ETF will enter an already competitive Bitcoin ETF market, which has 11 similar funds. Among them, BlackRock's iShares Bitcoin Trust ETF (IBIT) currently dominates with a total managed asset volume of nearly 69 billion USD.

The launch of this ETF could further fuel the controversy surrounding the connection between Donald Trump and the cryptocurrency sector. Many critics have argued that this is a conflict of interest given his role as president, while also accusing Trump of exploiting his leadership position for personal gain.

The Trump family also has extensive connections with various cryptocurrency projects, including non-fungible token collections (NFT), two memecoins, a stablecoin, a cryptocurrency mining company, along with a cryptocurrency platform that integrates its own tokens.

The Bitcoin ETF registration file for Truth Social was submitted after Trump Media signed a cooperation agreement in April with Yorkville America Digital and Crypto.com to develop a series of cryptocurrency ETFs branded "Made in America."

The 19b-4 filing of this ETF fund has officially triggered the SEC's review process. According to regulations, the SEC must make a decision to approve, deny, or extend the evaluation period within 45 days. The agency can extend multiple times, with a total review period of up to 240 days. The final deadline for the SEC to make a decision is January 29, 2026.

In addition, Yorkville will also need to file an S-1 registration with the SEC, providing detailed information about the fund's operations, how it will use the capital raised from investors, and the associated risks.

Earlier, in February, Trump Media also filed for another ETF called "Truth.Fi Bitcoin Plus ETF". This fund may receive a portion of the 250 million USD investment allocated for the financial technology platform Truth.Fi.

Integrating cryptocurrency into the Truth+ streaming platform

Trump Media also aims to integrate a cryptocurrency token and digital wallet into its Truth+ video streaming platform. According to CEO Devin Nunes's remarks during the shareholder meeting on April 29, the company is researching the implementation of a utility token in the Truth wallet. This token will initially be used to pay for the subscription costs of the Truth+ service, and then expand to other products and services within the Truth ecosystem.

The plan to integrate cryptocurrency payment has been revealed by Trump Media since November last year, when the company filed a trademark application with the United States Patent and Trademark Office. This application refers to the development of a digital asset wallet and the ability to process cryptocurrency payments on the Truth.Fi platform.

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