Trump Media's partner, Yorkville America Digital, has lodged an application for a spot Bitcoin ETF, joining an increasingly crowded market of crypto investment products. The proposal, submitted on 3 June, outlines an ETF that would directly track Bitcoin's price.

Foris DAX Trust Company, part of Crypto.com, has been listed as the fund's proposed custodian, though no ticker or management fee was disclosed.

The application now awaits a response from the United States Securities and Exchange Commission, which may arrive within 45 days. However, under current regulations, the agency has until 29 January 2026 to make a final decision.

Yorkville must also file further documentation detailing the fund's structure and associated risks.

Although President Donald Trump remains a key stakeholder in Trump Media & Technology Group (TMTG), his holdings are placed in a trust managed by his son. The ETF documents omit Trump's name, though political ties may still draw aligned investors.

With 11 spot Bitcoin ETFs already in the market, a Trump-affiliated offering adds another layer to the intersection between politics and the crypto sector.

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