Truth Social, the social media platform operated by Trump Media & Technology Group (TMTG), has entered the spot Bitcoin exchange-traded fund (ETF) race with the latest 19b-4 filing submitted to the US Securities and Exchange Commission (SEC) through NYSE Arca.
The filing seeks approval to list and trade shares of the Truth Social Bitcoin ETF. Yorkville America Digital is the sponsor of the proposed investment product.
Trump Media’s Truth Social Ventures into the Bitcoin ETF Market
The proposed Truth Social Bitcoin ETF aims to track the spot price of Bitcoin, offering investors a regulated vehicle to gain exposure to the largest cryptocurrency.
“The Shares are intended to constitute a simpler means of making an investment similar to an investment in bitcoin rather than by acquiring, holding and trading bitcoin directly on a peer-to-peer or other basis or via a digital asset trading platform,” the 19b-4 reads.
The ETF will operate under NYSE Arca Rule 8.201-E. Moreover, it will allow shares to be created and redeemed in baskets of 10,000 shares or more. The proposed fund’s net asset value (NAV) will be calculated daily using the CF Benchmarks Index.
Foris DAX Trust Company is named as the custodian. The filing did not specify the fees or the ticker symbol for the Truth Social Bitcoin ETF. Nonetheless, Yorkville must also file an S-1 registration that will likely outline all the details.
“Also notable “Trump” name not on the ETF or anywhere in docs really. Altho everyone knows who own Truth Social,” Bloomberg’s senior ETF analyst Eric Balchunas wrote on X.
Moreover, the SEC has 45 days after the 19b-4 filing is posted on the Federal Register to decide whether to accept, reject, or delay the application. If needed, the SEC can extend this period to 90 days or a maximum of 240 days.
Thus, the final decision deadline for this process is January 29, 2026. If approved, Truth Social would become the first social media platform to sponsor a Bitcoin ETF.
Meanwhile, the odds of Truth Social Bitcoin ETF gaining approval appear good, given that the SEC has already allowed 11 spot Bitcoin ETFs.
The filing follows Trump Media and Technology Group’s February application for trademarks related to various customized ETFs and separately managed accounts (SMAs). The company also entered into services and licensing agreements with Yorkville Advisors.
Additionally, BeInCrypto reported that Crypto.com and Trump Media partnered to launch new altcoin ETFs in March. Trump Media also announced it will create a Bitcoin treasury by purchasing $2.32 billion in BTC.
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