Truth Social, owned by Trump Media & Technology Group, has applied to create Bitcoin and Ethereum ETFs. This event draws attention from both investors and analysts.
Details of ETF Filings
On June 3, NYSE Arca submitted Form 19b-4 for listing the 'Truth Social Bitcoin ETF.' The sponsor is Yorkville America Digital, LLC, and management of the fund will be handled by Foris DAX Trust Company, an affiliate of Crypto.com. On June 16, TMTG submitted a new filing for an ETF proposing a combined product with a distribution of 75% Bitcoin and 25% Ethereum.
SEC Review Timeline
Following the filing of the 19b-4, the formal review clock for the SEC has started, which is 45 days with a possibility of extension up to 240 days. The final decision on the Bitcoin ETF is expected no later than January 29, 2026. The SEC has not publicly commented on Truth Social's filings.
Comparison with Other Crypto ETFs
Truth Social's filings come amid favorable approval actions by the SEC for other crypto ETFs. For instance, in early 2025, the SEC accelerated the approval for Bitwise's ETF. The structure of the Trust Social funds is similar to existing market offerings.
The filings submitted by Truth Social could expand the range of available crypto ETFs on the market if approved by the SEC. Investors will be closely monitoring developments.
