Trump-Linked Company Moves to Launch Bitcoin ETF
Yorkville america Digital, teh asset manager linked to Truth Social, is venturing into the crypto ETF market. A recent filing with the SEC aims to introduce a Bitcoin-based ETF under the NYSE arca platform.
New details emerge as Yorkville, a partner of Trump Media & Technology Group (TMTG), seeks to track Bitcoin’s price through their fund. Foris DAX Trust Company, known as Crypto.com’s asset custodian, will manage the ETF’s custody.
The SEC has up to 240 days to decide on the request, with a final deadline set for January 29, 2026.Yorkville must also submit an S-1 registration, outlining the ETF’s structure, risks, and financial use.
Despite Donald Trump being the majority owner of TMTG, his shares are held in a trust managed by his son. The filing notably omits Trump’s name, focusing on business objectives. This ETF joins a competitive market of 11 existing Bitcoin ETFs.
notably, TMTG has broader crypto ambitions.It has partnered with Crypto.com and Yorkville to develop “Made in America” crypto ETFs, pledging up to $250 million for these projects. TMTG also raised $2.4 billion to build a Bitcoin treasury.
While critics argue that Trump’s involvement blurs the lines between business and politics, this ETF signifies a meaningful push for crypto’s mainstream adoption with political backing.
