US President Donald Trump’s huge crypto empire may be even bigger, as his social media platform for Bitcoin Exchange-Trived Fund (ETF) shows plans for Bachcin Exchange-Trade Fund (ETF) with Truth Social.
Stock Exchange NYSE Arka Filed The owner of Satya Social, Crypto Asset Manager Yorkville, a partner of Trump Media and Technology Group, from the US Digital on June 3 with the Securities and Exchange Commission for the truth social bitcoin ETF.
Trump Trump owns the majority of media, but transferred his shares to a trust controlled by his son, Donald Trump Junior before entering the White House again.
ETF NYSE ARCA wants to list on the exchange and tracks the price of bitcoin (BTCThe filing did not disclose a management fee or ticker, but listed the Foreris Dax Trust Company, the patron of Crypto.com’s assets as the proposed Custodian.
If approved, the Ishras Bitcoin Trust of Blackrock, with a $ 69 billion in the property under the Trump-Linked ETF management, enters a crowded bitcoin ETF market of 11 similar funds dominated by Blacrock’s Ishras Bitcoin Trust ETF (IBT).
It can also add Trump’s controversial relationship to Crypto, Who says critic There is a conflict of interest with his President’s duties and accused Trump of earning profits from the presidency.
Trump and his family have relations with the increasing number of crypto projects, including several non-fang tokens (NFT) collections, two memecoins, a stabechin, a crypto mining company and a crypto platform with an affiliated token.
ETF filing comes after Trump Media Signed an agreement In April Yorkville america Digital And crypto.com to start a series of “Made in America” Crypto ETFs.
Truth Social Bitcoin ETF’s 19 B -4 filing effectively starts SEC review processAnd it has to be decided whether to accept, reject or delay the application within 45 days. This can delay its decision several times for a maximum review period of 240 days.
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SEC should take a decision on the latest by January 29, 2026.
Yorkville will also need to enter the S -1 registration details for ETFs, which informs the SEC what funds offered, how it will be operated, how it intends to use any income taken from investors and related risks.
Trump Media also filed for “Truth.F Bittoine Plus ETF” in February, which can get a portion of $ 250 million allocated to its Fintech platform, Truth.fi,
Trump Media wants to integrate Crypto in video streaming site
Trump Media is also looking to integrate one Crypto token and wallet The company’s CEO Dewin Nuns told the shareholders on 29 April in his video streaming site, Truth+.
“We are searching for the introduction of a utility tokens within a true digital wallet, which can initially be used to pay for truth+ membership costs, and later can be applied to other products and services in the truth ecosphor.”
Trump Media indicated plans for a possible crypto payment enterprise in November 1st November A trademark application filed The US allows patent and trademark office to create a digital asset wallet and process Crypto payment on the truth.
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