Key dealers
- Truth Social’s parent company applied for a Bitcoin site ETF to Sec.
- Bitcoin ETF will track Bitcoin’s price and listed on NYSE ARCA.
Yorkville America Digital, a Florida-based asset manager who recently entered into a partnership with Trump Media & Technology Group and Crypto.com to launch a series of stock exchange traded products, have officially submitted a Form S-1 With the American Sec for its Spot Bitcoin ETF, the truth Social Bitcoin ETF.
The registration declaration, which was submitted on June 5, follows NYSE ARCA’s archiving of a Form 19b-4 Earlier this week, Sec approval for a rule change for the list and trading shares in the fund.
S-1 is submitted by the issuer, here Yorkville, to register ETF’s shares. It contains detailed information about the Fund’s structure, strategy and risk information, and 19B-4 is submitted by the exchange to request a rule change that allows the fund to be listed and traded.
Form S-1 and form 19B-4 serve different purposes, but both need Sec approval before any place Bitcoin ETF can go live in the United States.
Like previous Bitcoin ETF applications from large asset managers, the ticker symbol for the truth Social Bitcoin ETF has not been revealed in the initial form S-1, nor does the sponsorship charge have.
However, Bloomberg ETF analyst Eric Balchunas flagged an unusual and “surreal” detail in the fund’s risk section -a direct reference to the launch of SEC’s Crypto Task Force and President Trump’s executive order to establish a strategic bitcoin reserve.
According to Balchunas, this may be the first time a sitting US president is explicitly mentioned in risk information for an ETF archiving.
According to the risk section, there is a “regulatory uncertainty/headwind” that includes how President Trump launched the Crypto Task Force and Bitcoin Strategic Reserve. Pretty sure for the first time ever the adviser is in the section Risk .. it is so surreal pic.twitter.com/yaimv96f9v
– Eric Balchunas (@ericbalchunas) June 5, 2025
Foris Dax Trust Company, which acts as Crypto.com Custody Trust Company, has been appointed custodian for the truth Social Bitcoin ETF. The company will also serve in the same role for Canary Capital’s Staked Cro ETF, which was registered Last month.
The Bitcoin ETF archive comes in the middle of the controversy around one Trump mark Recently introduced by the team behind the president’s official MEME coin and NFT Marketplace Magic Eden.
The product, which uses the Trump name and the brand, has been publicly rejected by Trump’s sons. Eric Trump has stated that he intends to persecute legal action Against the unauthorized crypto loan book that claims to be the “official $ Trump wallet.”
