NYSE Files to List New Trump Media Bitcoin ETF

NYSE Arca Inc. has filed to list and trade shares of the Truth Social Bitcoin ETF, linked to Trump Media and Technology Group Corp. (DJT), expanding the company's financial services push beyond its recent Bitcoin treasury strategy, according to a Securities and Exchange Commission filing.

The proposed Bitcoin ETF would track the performance of Bitcoin through direct holdings, according to the filing submitted Tuesday. The trust would be sponsored by Yorkville America Digital, a Florida limited liability company, according to the filing.

The filing indicates the ETF would operate as a Nevada business trust with Bitcoin custody handled by Foris DAX Trust Company. The fund would use the CF Benchmarks Index to value its Bitcoin holdings daily, according to NYSE Arca.

Trump Media's move into Bitcoin exchange-traded products builds on the company's broader cryptocurrency strategy launched in May. The company announced a $2.5 billion fundraise from institutional investors to create one of the largest Bitcoin treasury allocations by a public company.

Read More: Trump Media Raises $2.5B for Bitcoin Treasury Strategy

Truth Social Expands Financial Services with Bitcoin ETF

The Bitcoin ETF filing represents Trump Media's latest step beyond social media into financial services. The firm previously filed trademark applications for three exchange-traded funds under its Truth.Fi brand: the Truth.Fi Made in America ETF, the Truth.Fi U.S. Energy Independence ETF and the Truth.Fi Bitcoin Plus ETF.

Those funds would combine digital assets with securities from American companies across multiple sectors. Trump Media plans to invest up to $250 million of its own reserves into these products through Charles Schwab Corp. (SCHW) as custodian.

Read More: Trump Media and Crypto.com Team Up for Truth.Fi ETF Launch

The proposed Bitcoin ETF would issue and redeem shares only in baskets of 10,000 shares through authorized participants, according to the NYSE filing. Creation and redemption would occur through cash transactions rather than in-kind Bitcoin transfers.

Custody services for the ETF's Bitcoin holdings would be split between Crypto.com and Anchorage Digital, according to the filing. The same partnership structure supports Trump Media's existing Bitcoin treasury operations.

The filing comes as Bitcoin trades around $105,400, according to CoinMarketCap data. The cryptocurrency has declined 5.9% from its all-time high of $111,970 reached in May, with prices down about 0.6% over the past 24 hours.