Trump Media & Technology Group (TMTG), the parent company of Truth Social, has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch the Truth Social Bitcoin ETF. The proposed fund aims to directly hold Bitcoin, with Crypto.com designated as the exclusive custodian and liquidity provider. Yorkville America Digital, a Florida-based firm, will serve as the ETF’s sponsor. If approved, the ETF will be listed on the NYSE Arca exchange.
The ETF’s structure includes exclusivity clauses, granting Crypto.com sole rights to certain services for the fund. Notably, the filing reserves the right for the ETF’s sponsor to engage in transactions that may precede or oppose those of the fund, a practice known as front-running. Additionally, in the event of a Bitcoin fork, the ETF will not claim any resulting assets, as the sponsor will cause the trust to abandon such incidental rights.
This initiative is part of TMTG’s broader strategy to expand its presence in the cryptocurrency sector. The company has previously filed trademark registrations for various ETFs and separately managed accounts tied to its Truth Social platform, including the Truth.Fi Bitcoin Plus ETF. These efforts align with former President Donald Trump’s increasing involvement in digital assets, despite his earlier skepticism toward cryptocurrencies.
The SEC’s decision on the Truth Social Bitcoin ETF will be closely watched, as it could further influence the regulatory landscape for cryptocurrency investment products in the United States.
