TMTG Targets Wall Street with Bitcoin ETF Ambition
In a bold expansion of its crypto strategy, Donald Trump’s Truth Social platform is officially seeking to launch a spot Bitcoin ETF. On June 3, 2025, NYSE Arca filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC), marking the first regulatory step in listing the proposed Truth Social Bitcoin ETF.
The fund is being developed in partnership with Yorkville America Digital, a firm branding itself as “America-first”, and will be custodied by Foris DAX Trust Company, a crypto-forward institution. Though Trump’s name is not on the filing, Trump Media & Technology Group (TMTG) owns Truth Social—and he remains its largest shareholder.
If approved, the ETF would allow investors to gain exposure to Bitcoin’s price without holding the digital currency directly—mirroring other popular Bitcoin ETFs already trading in the U.S.
From Memes to Markets: TMTG’s Growing Crypto Agenda
This ETF isn’t a one-off move. It aligns with a broader strategic pivot by TMTG toward financial services and digital assets:
- Earlier this year, the company launched Truth.Fi, a platform aimed at conservative investors, offering exposure to energy-backed ETFs, crypto tools, and Bitcoin integration.
- In April 2025, Crypto.com partnered with TMTG to help develop wallet infrastructure and provide custody services.
- Just weeks later, TMTG announced a $2.5 billion capital raise to create a Bitcoin treasury to support its ecosystem.
- The firm also revealed plans for the Trump Coin Wallet, a branded crypto wallet, and is exploring direct Bitcoin investments for users.
The cumulative message: TMTG is aiming to become a full-spectrum crypto finance player—not just a meme coin dabbler.
Washington’s Tone Softens as Truth ETF Moves Forward
This ETF filing comes amid shifting winds in Washington. Under SEC Chairman Paul Atkins, enforcement actions have slowed, and the agency is showing a greater willingness to collaborate with blockchain firms. The Truth Social Bitcoin ETF joins a crowd of approved ETFs by BlackRock, Grayscale, and Fidelity. But none carry the political symbolism that this one does—a pro-Trump, conservative-backed crypto fund entering the regulated financial markets.
What Comes Next
The SEC has up to 240 days to approve or deny the filing. Meanwhile, TMTG is doubling down on crypto infrastructure, aiming to blend ideology, finance, and tech in a way few other companies can match. For now, the Truth Bitcoin ETF is the next big test of whether politics and crypto investing can truly merge—and if Trump’s base is ready to follow him into the crypto arena
