Catenaa, Sunday, June 08, 2025-Truth Social, the media platform tied to President Donald Trump, has filed a Form S-1 with the US Securities and Exchange Commission seeking to launch a spot Bitcoin exchange-traded fund, deepening the Trump-linked push into digital assets.
The filing, submitted by Trump Media & Technology Group (TMTG), aims to list the Truth Social Bitcoin ETF on NYSE Arca, tracking the market price of Bitcoin.
The move follows NYSE Arca’s separate Form 19b-4 filing earlier this week, which is required to gain exchange-level approval to list the product.
In a notable inclusion, the ETF’s prospectus flags Trump’s pro-crypto stance and his administration’s policy agenda as a risk factor -a first for crypto ETF filings, according to Bloomberg ETF analyst Eric Balchunas.
The document references a White House executive order from March to establish a Strategic Bitcoin Reserve and the formation of an SEC crypto-task force in January.
Yorkville America Digital, listed as the ETF’s sponsor, will fulfill the role typically held by an advisor under the Investment Company Act of 1940.
The proposed ETF would join the ranks of other spot Bitcoin funds already approved in the US, including those managed by BlackRock, Fidelity and Grayscale, which collectively oversee about $126 billion in digital asset holdings.
Last month, TMTG revealed a $2.5 billion fundraising initiative aimed at creating a corporate Bitcoin treasury, further signaling the group’s ambition to cement its role in the evolving digital finance sector.
