- Trump Media registered a new crypto trust in Nevada to support its entry into digital asset investments.
- The company filed with the SEC to launch a Bitcoin ETF that will directly hold and track the price of bitcoin.
- Crypto.com will handle custody and trading while Yorkville America Digital will sponsor the planned ETF.
Trump Media & Technology Group (TMTG) has entered the cryptocurrency investment space with a formal business registration. On June 5, 2025, the company registered “Truth Social Bitcoin and Ethereum ETF, B.T.” in Nevada. The entity is listed as an active Domestic Business Trust. This marks a shift for the company, moving beyond social media into digital finance.
New Nevada Entity Suggests Crypto Expansion
The newly registered trust hints at TMTG’s plans to explore cryptocurrency investment products. Its name suggests a dual-asset focus on Bitcoin and Ethereum. Both are the largest digital currencies by market capitalization. The entity must submit its first annual report by June 30, 2026, according to state records.
This registration appears to be the legal foundation for future financial products. It shows that Trump Media is positioning itself for a broader role in the digital asset space. The initiative reflects increasing interest in crypto from institutional and retail investors.
SEC Filing Proposes Spot Bitcoin ETF
Following the Nevada registration, Trump Media submitted a Form S-1 to the U.S. Securities and Exchange Commission. The form outlines plans to launch the Truth Social Bitcoin ETF. The proposed fund would directly hold bitcoin instead of using futures contracts. This structure aims to closely track bitcoin’s actual market value.
Meanwhile, NYSE Arca filed Form 19b-4 with the SEC on June 3. This request, submitted on behalf of Yorkville America Digital, seeks approval to list the ETF. If approved, the ETF would trade on NYSE Arca. The fund’s ticker symbol has not yet been revealed.
Key Partnerships and ETF Structure
The ETF includes several major partners. Crypto.com will serve as the custodian and liquidity provider. Yorkville America Digital will act as the sponsor and manage regulatory responsibilities. Trump Media will continue to operate Truth Social and its related platforms, Truth+ and Truth.Fi.
The ETF will issue and redeem shares in blocks of 10,000, known as “Baskets.” All transactions will be processed in cash during the initial phase. Future in-kind redemptions in bitcoin may occur if regulators approve. The fund will not use leverage or derivatives.
Crypto Offering Under High-Profile Brand
This move places Trump Media in the spotlight of ongoing cryptocurrency regulation debates. The firm’s political ties add attention to the ETF’s development. Still, supporters see the ETF as a step toward more accessible bitcoin investment. Regulatory approval from the SEC is required before the fund can launch.
