Trump Media files Form S-1 for Truth Social Bitcoin ETF with SEC

Key Takeaways

Fact Social’s mother or father firm filed for a Bitcoin spot ETF with the SEC.
The Bitcoin ETF will observe Bitcoin’s worth and be listed on NYSE Arca.

Yorkville America Digital, a Florida-based asset supervisor that not too long ago entered right into a partnership with Trump Media & Expertise Group and Crypto.com to launch a sequence of exchange-traded merchandise, has formally filed a Type S-1 with the US SEC for its spot Bitcoin ETF, the Fact Social Bitcoin ETF.

The registration assertion, submitted on June 5, follows NYSE Arca’s submitting of a Type 19b-4 earlier this week, in search of SEC approval for a rule change to listing and commerce shares of the fund.

The S-1 is filed by the issuer, right here Yorkville, to register the ETF’s shares. It consists of detailed details about the fund’s construction, technique, and danger disclosures, and the 19b-4 is filed by the alternate to request a rule change that enables the fund to be listed and traded.

Type S-1 and Type 19b-4 serve completely different functions, however each want SEC approval earlier than any spot Bitcoin ETF can go reside within the US.

Like earlier Bitcoin ETF filings from main asset managers, the ticker image for the Fact Social Bitcoin ETF has not been disclosed within the preliminary Type S-1, nor has the sponsor price.

Nonetheless, Bloomberg ETF analyst Eric Balchunas flagged an uncommon and “surreal” element within the fund’s danger part — a direct reference to the launch of the SEC’s Crypto Activity Drive and President Trump’s government order to determine a Strategic Bitcoin Reserve.

Based on Balchunas, this can be the primary time a sitting US president has been explicitly talked about within the danger disclosures of an ETF submitting.

Below the danger part, there’s one for “regulatory uncertainty/headwinds” which incorporates how President Trump launched crypto activity drive and bitcoin strategic reserve. Fairly certain the primary time ever the advisor is within the danger part.. it is all so surreal pic.twitter.com/YaiMV96F9v

— Eric Balchunas (@EricBalchunas) June 5, 2025

Foris DAX Belief Firm, working as Crypto.com Custody Belief Firm, has been designated because the custodian for the Fact Social Bitcoin ETF. The agency can even serve in the identical position for Canary Capital’s Staked CRO ETF, which was registered final month.

The Bitcoin ETF submitting comes amid controversy surrounding a Trump-branded crypto pockets not too long ago launched by the group behind the president’s official meme coin and the NFT market Magic Eden.

The product, which makes use of the Trump title and branding, has been publicly disavowed by Trump’s sons. Eric Trump has said that he intends to pursue authorized motion towards the unauthorized crypto pockets claiming to be the “Official $TRUMP Pockets.”