Yorkville Files Spot Bitcoin ETF With SEC

Yorkville America Digital, a Florida-based asset manager, has officially filed a Form S-1 with the US Securities and Exchange Commission (SEC) for its spot Bitcoin ETF, the Truth Social Bitcoin ETF. This move comes after the company entered into a partnership with Trump Media & Technology Group and Crypto.com to launch a series of exchange-traded products.

The registration statement, submitted on June 5, follows NYSE Arca’s filing of a Form 19b-4 earlier in the week, seeking SEC approval for a rule change to list and trade shares of the fund. The S-1 is filed by the issuer, Yorkville, to register the ETF’s shares and includes detailed information about the fund’s structure, strategy, and risk disclosures. The 19b-4, on the other hand, is filed by the exchange to request a rule change that allows the fund to be listed and traded.

Both Form S-1 and Form 19b-4 serve different purposes but require SEC approval before any spot Bitcoin ETF can go live in the US. Like previous Bitcoin ETF filings from major asset managers, the ticker symbol for the Truth Social Bitcoin ETF has not been disclosed in the initial Form S-1, nor has the sponsor fee.

An unusual detail in the fund’s risk section was flagged by an ETF analyst. The risk section includes a direct reference to the launch of the SEC’s Crypto Task Force and President Trump’s executive order to establish a Strategic Bitcoin Reserve. This may be the first time a sitting US president has been explicitly mentioned in the risk disclosures of an ETF filing.

Foris DAX Trust Company, operating as Crypto.com Custody Trust Company, has been designated as the custodian for the Truth Social Bitcoin ETF. The firm will also serve in the same role for Canary Capital’s Staked CRO ETF, which was registered last month.