Trump Media and Technology Group (NASDAQ: DJT) has filed to launch the Truth Social Bitcoin ETF, joining a crowded but rapidly growing market of crypto investment products.
The S-1 registration form, submitted to the Securities and Exchange Commission (SEC), aims to secure approval for listing the ETF on NYSE Arca.
If granted, it would mark a strategic leap for Trump Media from social media into the financial sector, specifically the $130 billion Bitcoin ETF market.
While the application process is still underway, this proposed ETF would provide retail investors with a simplified, regulated way to gain exposure to Bitcoin, something that aligns with former President Donald Trump’s growing public endorsement of digital assets.
Trump Media expands beyond social media
Originally launched to challenge mainstream platforms, Truth Social has evolved into the public face of Trump Media’s broader tech ambitions.
Following its ventures into streaming via Truth+ and fintech via Truth. Fi, the company is now targeting cryptocurrency investment.
The proposed ETF would be backed by Yorkville America Digital, a self-described “America-First” asset manager, with Crypto.com named as the Bitcoin custodian and primary liquidity provider.
These partnerships suggest an effort to combine Trump branding with established crypto infrastructure to attract investor confidence.
The move into digital assets comes at a time when Trump Media is still a relatively small player in the tech world.
However, its listed status on the NASDAQ and the former president’s continued public influence have given the firm a visibility advantage over its peers.
Trump Media recently announced a $2.5 billion investment in Bitcoin to build a corporate treasury.
The aim is to diversify its revenue streams and align with the growing trend of corporate crypto holdings.
SEC review to determine market entry
Approval from the SEC remains the biggest hurdle before the Truth Social Bitcoin ETF can go live. Should it receive the green light, trading would commence on NYSE Arca, one of the main venues for existing Bitcoin ETFs.
This ETF would join products from asset management giants like BlackRock, Fidelity, and Grayscale, which have already drawn billions in inflows since spot Bitcoin ETFs were approved in January 2024.
Yet the Truth Social Bitcoin ETF hopes to stand out through its political branding and direct appeal to Trump’s base of supporters.
Retail investors who have previously hesitated due to a lack of clarity around crypto wallets, keys, or exchanges may find the ETF format easier to navigate.
If listed, the ETF would offer exposure to Bitcoin without the complications of managing digital assets directly.
Questions raised over brand ethics and timing
Trump Media’s push into financial services has reignited debate over ethical boundaries, particularly concerning the use of Donald Trump’s name and influence.
While Trump is no longer officially involved in the day-to-day operations of his businesses, his name remains tied to their identity and marketing.
Critics argue that this ETF could serve as a vehicle for Trump-aligned investors to support his brand while gaining crypto exposure.
Others point out that his recent comments on Bitcoin as a “financial freedom” tool may help sway investors towards the fund.
The timing is also significant. Trump is currently the sitting president, and while he has stepped away from direct business involvement, the proximity of this product to his political image could invite scrutiny from regulators and watchdogs.
The post Trump’s Truth Social Bitcoin ETF could shake up $130B crypto fund market appeared first on Invezz
