Trump company files Bitcoin ETF application: Truth Social Bitcoin ETF
- Truth Social’s Bitcoin ETF Enters Regulatory Fray
- Donald Trump steps up presence in cryptocurrency sector
- Institutionalists observe strategic movement towards digital assets
Truth Social, a platform linked to Trump Media & Technology Group, has officially filed an application for a spot Bitcoin ETF, marking a significant move in the digital asset sector. The application was submitted on June 4 and aims to offer a new regulated financial instrument that brings traditional investors closer to cryptocurrencies.
The initiative highlights Truth Social’s growing interest in positioning itself beyond social media, investing in digital financial products. The proposal has Yorkville America Digital, LLC as the fund’s sponsor and Foris DAX Trust Company as its custodian, which reinforces the project’s institutional structure.
Trump's company just filed for a Truth Social Bitcoin ETF, which will track spot bitcoin and list on NYSE. pic.twitter.com/I3ejMbhyl1
— Eric Balchunas (@EricBalchunas) June 3, 2025
According to experts, this move could represent a step forward in Donald Trump’s attempt to strengthen ties with the cryptocurrency community, as well as broaden the political and financial appeal of its user base. “Cryptocurrencies are evolving, and Truth Social’s request is part of a broader trend that reflects how major players are seeking to bridge the gap between traditional finance and digital assets,” said an industry source.
The proposal still needs to be approved, but it is already generating reactions in the market. Some investors see the strategy as positive, especially after the authorization of similar ETFs in 2024, such as BlackRock's, which attracted billions in institutional flows. The involvement of a public figure like Trump tends to increase visibility and can influence political decisions related to the sector.
While the market awaits the progress of the request, Bitcoin is trading at US$ 105.924,79, up 3,25% in the last 24 hours. The currency’s dominance is at 63,25%, supported by a daily trading volume of over US$ 46 billion. This data reflects the growing interest in products linked to the main cryptocurrency, especially among institutional investors seeking regulated exposure to BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solo Miner Makes $330K by Renting Hash Power on CKpool
Ukrainian Police Arrest Man for Large-Scale Cryptojacking Scheme
Ukrainian authorities have arrested a 35-year-old man from the Poltava region, accusing him of orchestrating a major cryptojacking operation targeting an international server hosting company.

JPMorgan Offers Crypto ETF Loans to Clients

Ethereum Foundation Implements New Treasury Policy for Scalability

Trending news
MoreCrypto prices
More








