US president Donald Trump can grow even bigger, as filings show plans for a Bitcoin exchange-traded fund (ETF) that branded his social media platform, truth social.
Stock Exchange Nyse Arca Filed For the social reality bitcoin ETF with the Securities and Exchange Commission on June 3 for the name of Crypto Asset Manager Yorkville America Digital, a partner of the fact of the truth of the truth, Trump Media & Technology Group.
Trump is the owner of the majority of Trump’s media, but has shifted his shares to a trust controlled by his son Donald Trump Jr., before entering the White House again.
ETF is aimed at listing the NYSE ARCA Exchange and monitoring the price of Bitcoin (Btc). File does not disclose a management fee or ticker but listed the Foris Dax Trust Company, the Crypto.com caregiver, as the proposed caretaker.
If approved, the ETF associated with Trump enters a tight Bitcoin ETF market of 11 identical funds led by the Ishares Bitcoin Trust ETF (IBIT) of Blackrock with nearly $ 69 billion in assets under management.
This can also be added to Trump’s controversial touch to crypto, Which critics say was a conflict of interest in his presidential duties and accused Trump who had reproduced the presidency.
Trump and his family are related to an increasingly growing number of crypto projects, which include many invisible token collections (NFT), two memecoins, a stablecoin, a crypto mining company and a crypto platform with a relevant token.
ETF filing comes after Trump’s media signed an agreement In April included Yorkville America Digital and crypto.com to launch a series of “Made in America” Crypto ETF.
19b-4 filed by the fact that social Bitcoin ETF effectively begins with SEC’s review processAnd it should decide whether to accept, reject or delay the application within 45 days. It can delay its decision several times, for a maximum review period of 240 days.
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The SEC must decide on the application by January 29, 2026, in the latest.
Yorkville also needs to file a S-1 registration statement for ETF, informing the SEC what funding plan to offer, how it operates, how it intends to use any proceeds raised from investors and related risks.
Trump Media also filed for a “truth.fi Bitcoin Plus ETF” in February, which could receive a portion of the $ 250 million allocated to the FinTech platform, Truth.fi.
Trump Media wants to include crypto in video streaming site
Trump Media is also looking to include a Crypto tokens and purse On the site of its video streaming, the truth+, the CEO of the company, Devin Nunes, told shareholders on April 29.
“We have explored the introduction of a utility token within a reality digital wallet that can be used at first to pay for the fact+ subscription costs, and eventually apply to other products and services to reality ecosphere.”
Trump Media first signed plans for a potential crypto payment adventure in November this filed an application of trademark with the US patent and trademark office to generate a digital asset wallet and allow crypto payments to be processed in reality.fi.
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