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TLDR
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Truth Social files for a spot Bitcoin ETF, targeting NYSE Arca listing via SEC.
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Truth Social’s ETF will offer direct Bitcoin exposure—no wallets required.
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Cold storage custody and CF Benchmarks ensure secure, regulated pricing.
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ETF mirrors other approved filings, boosting its chances with the SEC.
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SEC review still pending, but Truth Social enters with a strong compliance model.
Truth Social has submitted a filing to launch a spot Bitcoin exchange-traded fund (ETF) on NYSE Arca. The platform filed the proposal through the U.S. Securities and Exchange Commission (SEC) targeting traditional market exposure to Bitcoin. The ETF aims to offer direct Bitcoin access without requiring investors to manage digital wallets.
Truth Social Aligns with NYSE Arca Rule 8.201-E
The Truth Social Bitcoin ETF will operate under NYSE Arca’s Rule 8.201-E, which governs commodity-based trust shares. The ETF’s structure mirrors other SEC-approved Bitcoin ETFs and will rely on established pricing benchmarks. Its value will be based on the CF Benchmarks Index, aggregating Bitcoin trade data from top crypto exchanges.
JUST IN: 🇺🇸 President Trump’s Truth Social files for Bitcoin ETF. pic.twitter.com/PuUZJVPDO1
— Whale Insider (@WhaleInsider) June 3, 2025
Truth Social plans to offer this ETF as a Nevada statutory trust managed by Yorkville America Digital LLC. Foris DAX Trust Company will serve as the custodian using offline cold storage methods for holding Bitcoin. This strategy reduces cyber risks and aligns with current security standards expected by regulators.
Each ETF share will represent a fractional interest in the Trust’s total Bitcoin assets. Investors will access Bitcoin price exposure via traditional brokerage accounts, eliminating direct handling of crypto assets.
Custody, Pricing, and Daily NAV Transparency
The ETF will calculate its net asset value (NAV) every business day at 4:00 p.m. Eastern Time. This calculation will reflect current Bitcoin prices from exchanges such as Coinbase, Bitstamp, and Kraken. The ETF intends to maintain pricing clarity and regulatory transparency in line with SEC expectations.
All Bitcoin holdings will remain in cold storage to meet stringent asset protection requirements. This method helps prevent unauthorized access and reflects best practices across existing digital asset funds. The ETF will not hold other assets except for limited cash to cover operational needs.
The ETF uses a regulated benchmark index to ensure accurate Bitcoin pricing and protect against manipulation. The sponsor will manage operational compliance while maintaining public reporting standards. The structure will provide institutional and retail investors with an easy route to Bitcoin exposure without requiring direct participation in the crypto market.
SEC Reviews Continue as Truth Social Advances
The SEC continues to extend review deadlines for several Crypto ETFs, including Litecoin and XRP. While Truth Social’s filing is new, it follows a tested route used by other successful applications. Analysts expect more ETF approvals toward the end of 2025.
CoinShares and others remain in the regulatory void as the SEC requests public comments. XRP and Litecoin ETF decisions have been delayed until August. These actions shows the SEC’s cautious approach to crypto integration.
Truth Social’s proposal uses previously accepted benchmarks and custody practices. This similarity may increase its chance of approval. The filing positions Truth Social as a serious entrant in the digital asset investment space.
