Chiara Bianchi
In a bold step merging politics, finance, and crypto, a subsidiary of the New York Stock Exchange has officially filed to list a Bitcoin exchange-traded fund (ETF) tied to Donald Trump’s Truth Social platform.
The filing, submitted Tuesday by NYSE Arca, outlines plans for the Truth Social Bitcoin ETF, a fund designed to mirror the performance of Bitcoin’s price. This marks the first move to bring a politically branded crypto investment product to the mainstream financial markets.
According to the Form 19b-4 filed with the Securities and Exchange Commission (SEC), the ETF aims to track Bitcoin’s price movement, before accounting for fund expenses or liabilities.
“The Trust seeks to reflect generally the performance of the price of bitcoin,” the filing states.
The ETF is sponsored by Yorkville America Digital, LLC, a firm previously described as an “America-first asset manager,” and custodied by Foris DAX Trust Company, LLC, a recognized name in digital asset storage.
Truth Social’s Growing Crypto Ambitions
Trump Media and Technology Group, the parent company behind both Truth Social and its fintech offshoot Truth.Fi, has been steadily expanding into the world of crypto and digital finance. Truth.Fi, launched in January, has approval to invest up to $250 million of its $700 million+ in cash reserves into various vehicles — including SMAs, ETFs, Bitcoin, and other digital assets.
Most recently, Trump Media announced a $2.5 billion corporate Bitcoin treasury, signaling the company’s long-term interest in cryptocurrency as a core asset.
A Political Edge in the Race for Crypto ETFs
While numerous firms have applied for spot crypto ETFs tied to SOL, XRP, DOGE, and other digital currencies, this proposal stands out due to its direct affiliation with former President Trump.
The regulatory climate has also shifted. Under new SEC Chair Paul Atkins, who has signaled a more pro-innovation stance by dismissing several crypto lawsuits and investigations, the chances for approval appear higher than in previous years. Atkins recently called it “a new day” at the agency.
