The Trump crypto empire keeps expanding. A new SEC filing dated June 3 shows that Yorkville America Digital, in partnership with Trump Media & Technology Group (TMTG), is pushing for a Truth Social Bitcoin ETF to be listed on NYSE Arca. This move plants Trump’s name directly into the U.S. Bitcoin ETF scene already dominated by Wall Street heavyweights like BlackRock and Fidelity.
The proposed ETF aims to track spot Bitcoin prices, with Foris DAX Trust Company as the custodian behind Crypto.com—listed as the fund’s custodian. The filing doesn’t mention a ticker or management fee yet, but insiders expect branding alone could make this ETF a magnet for retail interest in the MAGA crowd.
Vincent Liu, CIO at Kronos Research agrees and states:
"A Trump-branded ETF introduces a completely new demographic into Bitcoin markets, politically motivated and potentially less price-sensitive than traditional investors. If these are first-time Bitcoin ETF buyers with a buy-and-hold mindset, we could see unusual retail inflows and short-term volatility around price movements."
The play is part of a broader strategy from Trump Media, which already signed agreements in April with Yorkville and Crypto.com to roll out a line of "Made in America" crypto ETFs. This Truth Social ETF joins a growing portfolio of Trump-linked Web3 initiatives—from NFTs and memecoins to tokenized platforms and mining companies.
It’s also politically charged. Trump, now the Republican frontrunner, has shifted from calling Bitcoin a "scam" to actively embracing the space—welcoming miners, promising to "protect your crypto," and now backing products that profit from crypto’s rise.
The SEC’s initial response deadline is 45 days from filing, but could stretch out to early 2026 due to extension windows. Yorkville will also need to submit an S-1 to spell out operational plans and investor disclosures before launch is even possible.
Meanwhile, Trump Media’s broader crypto ambitions don’t stop at ETFs. CEO Devin Nunes recently teased crypto wallet integration into Truth+, the group's streaming service, and a utility token tied to subscription payments and digital content.
For now, the market watches. If approved, the Truth Social Bitcoin ETF would become the first politically branded Bitcoin fund blurring lines between finance, politics, and culture even further.
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WeatherlyJapan plans to tax crypto profits at a flat 20% instead of rates as high as 55%. The regulator also aims to allow crypto ETFs and approve the country’s first yen-backed stablecoin.
AnaisArthur Hayes, the BitMEX co-founder pardoned by Donald Trump, has invested in a stem cell firm with clinics in Mexico and Bangkok. He is also backing crypto treasury firms while warning that the market may already be overheating.
WeatherlyA Pennsylvania lawmaker has put forward a bill to stop politicians and their families from owning or trading crypto while in office. The plan follows claims that Donald Trump has used his role to profit from tokens like his own memecoin.
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XingChiDutch cryptocurrency company Amdax is preparing to launch one of Europe’s most ambitious Bitcoin strategies yet: creating a dedicated Bitcoin treasury firm, seeking a listing on Amsterdam’s Euronext, and ultimately aiming to acquire 1% of the total Bitcoin supply.
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WeatherlyTaiwan’s WiseLink led a $10 million funding round for Nasdaq-listed Top Win International, helping the company buy Bitcoin and expand into digital assets. The deal makes WiseLink the first public Taiwanese firm to back a Bitcoin treasury strategy and aims to combine crypto holdings with cross-border business operations.
WeatherlyLazada Malaysia is launching AI Lazzie, an AI-powered shopping assistant that offers personalised recommendations and fun features for the 11.11 sale. The platform also introduces virtual try-ons and aims to improve the AI shopping experience based on growing consumer demand in Southeast Asia.
AnaisElon Musk hinted at support for abolishing the Federal Reserve by sharing a post from Senator Mike Lee, who called for greater executive oversight of US monetary policy. Musk’s apparent endorsement has stirred debate, with many questioning the wisdom and impact of this proposal.
CatherineCharles Hoskinson has launched a policy office to push for clearer crypto regulations in the US, hoping to work with the incoming Trump administration. The move has sparked a 35% rise in Cardano's ADA price, reflecting investor optimism for regulatory progress.
AnaisDelabs Games, creator of Rumble Racing Star, is diving into Telegram’s TON ecosystem with a Ragnarok release in Q1 2025, followed by Boxing Star in Q3—broadening its gaming presence and fan engagement on the platform.
KikyoPolymarket is considering a token launch to sustain its recent trading surge. However, it faces challenges, including growing regulatory scrutiny. The key question is whether it can maintain its post-election momentum or will be remembered solely for its election-driven success.
CatherineRoman Sterlingov, founder of the Bitcoin Fog crypto mixer, was sentenced to 12.5 years in prison for laundering over $400 million linked to illegal activities. He was also ordered to forfeit $395.5 million and his share in a Bitcoin wallet holding 1,345 BTC, worth over $103 million.
WeatherlyByteDance is expanding its AI efforts with Doubao, a chatbot now capable of generating realistic videos from text and images. This move strengthens ByteDance's position in China's fast-growing AI market, though it faces tough competition from rivals like Kuaishou.
WeatherlyA South Korean court upheld a bank’s decision to fire an employee for “habitual” crypto gaming and improper private money lending to clients, uncovered in an internal audit. The employee appealed, claiming the dismissal was unjust.
KikyoFour foreign nationals were arrested in Thailand for a robbery on 8 November, where they forced a Ukrainian tourist, Viacheslav Leibov, to transfer 250,000 USD in cryptocurrency. The suspects, who had prior connections to the victim, were charged with armed robbery, unlawful detention, and coercion.
WeatherlyDespite over 50% drop in TON’s TVL since July, Bitget Wallet and Foresight Ventures are reinforcing support for Telegram’s Mini App ecosystem with a $20 million grant to boost growth and innovation.
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