Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT), the company founded and majority-owned by President Donald Trump, announced on June 5 the submission of a registration statement with the U.S. Securities and Exchange Commission (SEC) for the launch of the Truth Social Bitcoin ETF (BT). This followed NYSE Arca‘s June 3 SEC filing to list the Truth Social Bitcoin ETF.

The exchange-traded fund (ETF), developed in partnership with Yorkville America Digital, is structured to provide investors with direct exposure to bitcoin’s price movements through publicly traded shares. Crypto.com will serve as the exclusive custodian, prime execution agent, and liquidity provider for the ETF. Trump Media, which operates the Truth Social platform and the streaming and fintech services Truth+ and Truth.Fi, described the ETF as a product that would directly hold bitcoin and allow investors to purchase shares designed to mirror bitcoin’s price movements.

The ETF is pending effectiveness of its registration statement as well as approval of a Form 19b-4 filing with the SEC. Once launched, the shares will be listed on NYSE Arca under a yet-to-be-determined ticker. Issuance and redemption of shares will occur in blocks of 10,000 (referred to as Baskets), and transactions will initially be conducted exclusively in cash.

While the ETF allows for in-kind redemptions in bitcoin, this feature is contingent on further regulatory approval. The vehicle is designed as a passive trust and does not use leverage or derivatives, focusing instead on replicating the price of bitcoin net of expenses.

Yorkville America Digital, a Florida-based firm focused on digital asset strategies and domestic investment themes, is acting as sponsor of the ETF. Trump Media’s direct link to Donald Trump places the ETF in a politically visible position, and the move into crypto by a Trump-affiliated firm adds a new dynamic to ongoing debates over bitcoin’s mainstream legitimacy. While critics may question regulatory risk and potential conflicts, proponents view the ETF as a step toward broader institutional and retail adoption of digital assets under high-profile sponsorship.

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