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Donald Trump is extending his push into crypto with a brand new plan to launch a Reality Social Bitcoin ETF, his newest transfer in an more and more controversial growth into digital belongings.
The proposed exchange-traded fund, filed by NYSE Arca on behalf of Yorkville America Digital, a monetary accomplice of Trump Media & Know-how Group, goals to trace Bitcoin’s worth efficiency.
If accepted, the Reality Social Bitcoin ETF would mark a significant growth of Trump’s rising crypto footprint, including to a controversial digital asset portfolio that features meme cash, NFTs, and a mining enterprise, a lot of which have drawn scrutiny over potential conflicts of curiosity.
Reality Social Bitcoin ETF To Have Identical Custodian As Crypto.com
The submitting didn’t disclose particulars concerning the proposed Reality Social Bitcoin ETF, with the administration payment and ticker of the fund nonetheless unknown.
Nonetheless, NYSE Arca’s submitting did say the fund “seeks to mirror typically the efficiency of the value of bitcoin.” It can additionally “mirror such efficiency earlier than cost of the Belief’s bills and liabilities.”
The fund will use DAX Belief Firm as its custodian, the identical firm that custody’s Crypto.com’s belongings.
Trump’s firm simply filed for a Reality Social Bitcoin ETF, which can observe spot bitcoin and listing on NYSE. pic.twitter.com/I3ejMbhyl1
— Eric Balchunas (@EricBalchunas) June 3, 2025
The submitting comes after Trump Media & Know-how Group signed an settlement with Yorkville America Digital and Crypto.com in April to launch a collection of “Made in America” ETFs.
Reality Social Bitcoin ETF Will Add To Controversy Round Trump’s Crypto Increasing Empire
The brand new Reality Social Bitcoin ETF appears to be like set so as to add new questions on Trump’s rising affect within the crypto house.
Trump is at the moment the biggest shareholder of Trump Media & Know-how Group, however transferred his shares to a belief managed by his son Donald Trump Jr. previous to coming into the White Home in January to go off considerations round conflicts of curiosity.
Regardless of that, there may be concern across the Trump’s involvement in crypto with Trump himself having such nice affect over digital asset coverage within the US.
Trump’s different crypto endeavors embrace the Official Trump (TRUMP) and Official Melania Meme (MELANIA) tokens, World Liberty Monetary (WLFI), a number of non-fungible token (NFT) collections, a stablecoin and a crypto mining firm.
Not too long ago, Trump Jr. stated that WLFI will quickly be launching its personal crypto pockets. Nonetheless, there was some confusion available in the market after Magic Eden and the crew that launched TRUMP stated they’re partnering to launch the pockets.
Shortly thereafter, the President’s sons disavowed the pockets and stated they don’t have any information of the deliberate launch.
This venture isn’t approved by @Trump. @MagicEden I’d be extraordinarily cautious utilizing our title in a venture that has not been accepted and is unknown to anybody in our group. https://t.co/OovJGvGOkO
— Eric Trump (@EricTrump) June 3, 2025
In addition they went on to warn Magic Eden about utilizing the Trump household title to speed up the pockets’s market adoption.
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