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Home web3.0 US President Donald Trump's Truth Social Has Officially Registered a New Entity

US President Donald Trump's Truth Social Has Officially Registered a New Entity

Jun 06, 2025 am 10:22 AM

input: US President Donald Trump’s Truth Social has officially registered a new entity, signaling its plans to enter the cryptocurrency investment sector. On June 5, the company registered the Truth Social Bitcoin and Ethereum ETF as a domestic business trust in Nevada.

US President Donald Trump's Truth Social Has Officially Registered a New Entity

Truth Social, the social media platform founded by former U.S. President Donald Trump, is venturing into cryptocurrency investments with the registration of a new entity.

On June 5, the company registered Truth Social Bitcoin and Ethereum ETF as a domestic business trust in Nevada. This move sets the stage for an eventual offering of a Bitcoin and Ethereum exchange-traded fund (ETF), concentrating on the two largest cryptocurrencies by market capitalization.

Truth Social’s partnership with crypto asset manager Yorkville America Digital supports this initiative.

Truth Social Registers Bitcoin and Ethereum ETF in Nevada

The registration of Truth Social Bitcoin and Ethereum ETF in Nevada is a significant legal step for the company. The trust was registered with the Nevada Secretary of State under entity number E49494922025-3.

While the trust’s formal offering documents have yet to be submitted to the Securities and Exchange Commission (SEC), this filing signals the company’s intent to launch a cryptocurrency ETF.

The registration includes a dual-asset focus, providing exposure to Bitcoin (BTC) and Ethereum (ETH). These two cryptocurrencies are considered the leading digital assets by market capitalization, making them appealing investment options for a broad audience. The Truth Social Bitcoin and Ethereum ETF could eventually include both spot and futures-based investments, although this has yet to be confirmed.

Truth Social’s Partnership with Yorkville America Digital

Truth Social’s foray into cryptocurrency investments has been supported by a partnership with crypto asset manager Yorkville America Digital.

On June 3, Yorkville filed a Form 19b-4 with the SEC, seeking approval to list and trade shares of the proposed Truth Social Bitcoin ETF. The filing is crucial for the ETF’s approval process, as it proposes a rule change with the SEC’s self-regulatory organization (SRO).

Yorkville’s involvement is not limited to regulatory filings. The firm has also submitted a Form S-1 registration statement to the SEC for the Bitcoin fund. The S-1 is typically filed before the 19b-4, although the order of filings in this case was reversed. The SEC is required to decide on the application within 240 days from the filing of the 19b-4.

Potential Impact of the Truth Social Bitcoin and Ethereum ETF

If approved, the Truth Social Bitcoin and Ethereum ETF would join a competitive market of spot Bitcoin ETFs. These already include major financial institutions such as BlackRock, Grayscale, Fidelity, and Franklin Templeton, which have each launched their own Bitcoin ETFs in recent years.

Among these, BlackRock’s iShares Bitcoin Trust (IBIT) has become one of the most successful, amassing nearly $70 billion in assets since its launch.

The Truth Social Bitcoin and Ethereum ETF would be custodied by Foris DAX Trust Company, a key player in the crypto asset space that also serves as the custodian for Crypto.com’s assets. This partnership indicates a move toward making the fund’s management more secure and reliable for potential investors.

News data source: kdj.com

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