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#TruthSocial Files $BTC ETF Registration Citing Trump's Pro-Crypto Policies as Risk Factor

Trump Media's Truth Social has submitted an S-1 registration statement to the SEC for a spot $BTC ETF.

The filing came two days after NYSE Arca lodged its companion Form 19b-4 for exchange approval.

The prospectus marks the first crypto #ETF to cite President Trump's pro-crypto agenda as a potential risk factor.

Yorkville America Digital serves as sponsor for the Truth Social $BTC ETF tracking spot prices.

The risk section references Trump's #SEC crypto task force creation and Strategic Bitcoin Reserve executive order.

#Trump Media & Technology Group announced a $2.5 billion offering last month to build a corporate $BTC treasury.

The proposed fund would join existing spot $BTC ETFs managing approximately $126 billion in assets.

#Bloomberg analysts noted this represents the first time an advisor appears in an ETF's risk section.