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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 enlargement into digital belongings.
The proposed exchange-traded fund, filed by NYSE Arca on behalf of Yorkville America Digital, a monetary accomplice of Trump Media & Expertise Group, goals to trace Bitcoin’s worth efficiency.
If accepted, the Reality Social Bitcoin ETF would mark a serious enlargement 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 charge and ticker of the fund nonetheless unknown.
Nevertheless, NYSE Arca’s submitting did say the fund “seeks to replicate usually the efficiency of the value of bitcoin.” It would additionally “replicate 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 checklist on NYSE. pic.twitter.com/I3ejMbhyl1
— Eric Balchunas (@EricBalchunas) June 3, 2025
The submitting comes after Trump Media & Expertise Group signed an settlement with Yorkville America Digital and Crypto.com in April to launch a sequence 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 seems set so as to add new questions on Trump’s rising affect within the crypto area.
Trump is at the moment the most important shareholder of Trump Media & Expertise 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 embody 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.
Lately, Trump Jr. mentioned that WLFI will quickly be launching its personal crypto pockets. Nevertheless, there was some confusion available in the market after Magic Eden and the crew that launched TRUMP mentioned they’re partnering to launch the pockets.
Shortly thereafter, the President’s sons disavowed the pockets and mentioned they don’t have any data of the deliberate launch.
This mission is just not approved by @Trump. @MagicEden I might be extraordinarily cautious utilizing our identify in a mission 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 identify to speed up the pockets’s market adoption.
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