A division of the New York Stock Exchange has submitted a formal application to list a Bitcoin exchange-traded fund (ETF) tied to Truth Social, the social media platform associated with President Donald Trump.
On Tuesday, NYSE Arca filed a Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) for the proposed Truth Social Bitcoin ETF. The fund aims to track the market price of Bitcoin, offering investors regulated exposure to the world’s largest cryptocurrency.
ETF Would Mirror Bitcoin Performance Pre-Fees
According to the filing, the ETF is structured to “reflect generally the performance of the price of bitcoin” prior to fees, expenses, and liabilities. The product, if approved, would operate under a trust model.
Yorkville America Digital, LLC is listed as the sponsor of the ETF. The company has been described as an “America-first asset management firm” in prior public statements. Custody of the Bitcoin assets will be handled by Foris DAX Trust Company, LLC.
Regulatory Approval Process Underway
Form 19b-4 is a critical part of the regulatory approval pipeline. Once submitted, the SEC must begin a review process that can span several months, including a public comment period.
This filing marks the latest effort to bring a politically affiliated crypto product to market, combining digital asset investment with Truth Social’s broader push for financial and media influence.
If approved, the Truth Social Bitcoin ETF could open the door for further tokenized financial products with ideological branding — a growing trend in an election year.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/donald-trumps-truth-social-files-for-bitcoin-etf-with-nyse-arca/