Truth Social Funds is a financial services brand offering investment products, including Exchange-Traded Funds (ETFs), that are themed around an "America First" philosophy. The brand resulted from a partnership between Trump Media & Technology Group's (TMTG) social media platform, Truth Social, and the asset management firm Yorkville America. Starting in 2024 and continuing into 2026, the brand has filed registration statements for several cryptocurrency-based ETFs, which are pending regulatory approval. ^{[1] [4] [3]}​

Overview

Truth Social Funds is not a singular corporate entity but rather a brand name used for a suite of investment products. The brand operates under TMTG's financial technology vertical, Truth.Fi. ^[3] The operational and advisory functions are handled by SEC-registered investment firms. Trump Media & Technology Group, through its subsidiary T Media Tech LLC, licenses the "Truth Social" trademarks for use on the investment products but does not sponsor, sell, or endorse the funds themselves. ^[1]

The core of the brand's identity is its "America First" investment philosophy, which prioritizes U.S.-listed companies, domestic innovation, national security, and economic sovereignty. The funds are marketed to investors who wish to align their portfolios with these principles. The brand openly rejects what it terms "woke-driven mandates," stating that its investment decisions are based on business fundamentals rather than social or political trends like DEI and ESG. ^[1]

The investment products are managed and sponsored by a network of firms, with Yorkville America Equities, LLC, an SEC-registered investment adviser, playing a central role. Yorkville America owns and operates the brand's website and serves as the sponsor for its proposed digital asset ETFs. ^[1]

History

Truth Social Funds' activities began with the development of traditional thematic ETFs before expanding into the digital asset space.

The brand's first public move into cryptocurrency investments occurred on August 2, 2024, when its sponsor, Yorkville America, filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for two proposed digital asset ETFs: the Truth Social TMTG Bitcoin ETF (TBIT) and the Truth Social TMTG Cronos Ethereum & Bitcoin 'Risk-Managed' ETF (TRUM). The targeted launch for these products was projected for the fourth quarter of 2024, pending regulatory approval. ^[1]​

In 2025, the brand continued its push into crypto. In June 2025, it filed for a solo spot Bitcoin ETF. ^{[2] [4]} This was followed in July 2025 by a filing for a "Blue Chip Digital Asset ETF," which was designed to hold a basket of prominent cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). ^{[2] [4]} On October 28, 2025, Truth Social announced a partnership with the cryptocurrency exchange Crypto.com to launch a prediction market. ^[5]​

On February 13, 2026, Truth Social Funds filed a registration statement with the SEC for two new and distinct digital asset ETFs: the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF. ^[3] This filing detailed a strategic partnership with Crypto.com to provide custody, liquidity, and staking services for the proposed funds. On the day of the filing, the stock for parent company Trump Media (ticker: DJT) closed at $10.98, marking an approximate 0.9% increase, though the stock had declined nearly 39% over the previous six-month period. ^[2] Bloomberg ETF analyst Eric Balchunas stated an expectation that the ETFs filed in 2025 could go live in the months following the February 2026 announcement, pending SEC approval. ^[2]​

Investment Philosophy

Truth Social Funds defines its "America First" investment philosophy through five core principles, which guide its product creation and asset selection.

1. Champion Patriotic Enterprises: The strategy prioritizes U.S.-listed companies that are identified as contributing to American job creation and domestic innovation.
2. Enhance Economic Sovereignty: It focuses on sectors critical to reducing reliance on foreign supply chains, such as U.S. energy production, critical infrastructure, and national security.
3. Empower Individual Investors: The brand aims to offer accessible, rules-based investment products that allow individuals to express their patriotic convictions through their portfolios.
4. Promote Constitutional Capitalism: This principle favors transparent market functions, consistent regulatory frameworks, and a corporate focus on shareholder value and merit-based performance.
5. Reject DEI & Other "Woke-Driven" Mandates: The philosophy explicitly states that companies are evaluated on business fundamentals, not on "passing fads or mandates that may distract from productivity, profitability, and long-term investor interests." ^[1]

Products and Services

Truth Social Funds offers investment products in two main categories: exchange-traded funds and separately managed accounts. ^[1]

Traditional Exchange-Traded Funds (ETFs)

Prior to its expansion into digital assets, the brand established a lineup of "America First–themed" traditional ETFs:

• $TSRS (Truth Social American Red State REITs ETF): Invests in Real Estate Investment Trusts (REITs) that derive a majority of their revenues from U.S. states that voted for the Republican candidate in recent presidential elections.
• $TSES (Truth Social American Energy Security ETF): Focuses on U.S. companies involved in domestic energy production, infrastructure, and security.
• $TSSD (Truth Social American Security & Defense ETF): Invests in U.S. companies operating in the national defense, aerospace, cybersecurity, and communications sectors.
• $TSNF (Truth Social American Next Frontiers ETF): Targets U.S. companies leading in emerging technologies.
• $TSIC (Truth Social American Icons ETF): Comprises a portfolio of iconic U.S. brands, including companies like Walmart, McDonald's, and Home Depot, representing the American economy and lifestyle. ^{[1] [2]}

Separately Managed Accounts (SMAs)

Truth Social Funds offers professionally managed, customized accounts in collaboration with Index Technologies Group (ITG), an SEC-registered investment adviser. These SMAs provide clients with direct asset ownership and flexible allocations based on the "America First" principles. A minimum investment of $100,000 is required. ^[1]

The stated SMA strategies include:

• Made in America
• Drivers of Faith & Values
• Drivers of Liberty & Security
• Drivers of Energy Infrastructure ^[1]

Proposed Digital Asset ETFs

As of February 2026, Truth Social Funds has filed registration statements for several digital asset ETFs, all of which are pending SEC approval.

February 2026 Filings

These two ETFs are distinguished by their focus on generating yield through staking. ^[4] They both have a proposed management fee of 0.95%. ^[3]

• Truth Social Bitcoin and Ether ETF: This fund is designed to provide investors with exposure to the two largest cryptocurrencies, with a target allocation of approximately 60% Bitcoin and 40% Ethereum. It intends to generate additional returns for shareholders by staking its Ethereum holdings and distributing the resulting rewards. ^[2]
• Truth Social Cronos Yield Maximizer ETF: This ETF aims to track the performance of CRO, the native token of the Cronos blockchain, and to provide investors with exposure to both native staking and liquid staking of the token to maximize yield. ^[2]

2025 Filings

• Solo Bitcoin ETF: Filed in June 2025, this fund was designed to provide direct exposure to the performance of Bitcoin. ^[2]
• Crypto Blue Chip ETF: Filed in July 2025, this was a proposed diversified fund intended to hold a basket of prominent cryptocurrencies, including BTC, ETH, SOL, XRP, and CRO. ^[2]

2024 Filings

• Truth Social TMTG Bitcoin ETF (Ticker: TBIT): Filed in August 2024, this fund was designed to provide direct exposure to Bitcoin.
• Truth Social TMTG Cronos Ethereum & Bitcoin 'Risk-Managed' ETF (Ticker: TRUM): Also filed in August 2024, this fund was designed to provide exposure to a portfolio of Ethereum and Bitcoin while employing a "covered call" options strategy on a portion of its holdings to generate income. ^[1]

Corporate and Operational Structure

The Truth Social Funds brand operates through a network of partnerships and licensing agreements involving several distinct entities. ^[1]​

Key Organizations

• Trump Media & Technology Group Corp. (TMTG): The parent company of the Truth Social platform. TMTG licenses the "Truth Social" brand for the funds but does not sponsor or sell them. Its stated mission is to "end Big Tech's assault on free speech." ^[3]
• Yorkville America Equities, LLC: A Florida-based, SEC-registered investment adviser responsible for managing the funds' strategies and acting as the sponsor for the proposed digital asset ETFs. It is a subsidiary of Yorkville America, LLC. ^[3]
• Index Technologies Group LLC (ITG): An SEC-registered investment adviser that offers Separately Managed Accounts (SMAs) under a licensing agreement for the "Truth Social" name. ^[1]
• Tuttle Capital Management, LLC: Named as the sub-adviser for the ETFs filed in February 2026. ^[3]
• Crypto.com: Selected as the strategic partner for the ETFs filed in February 2026. Its roles include serving as the proposed digital asset custodian, liquidity provider, and staking services provider. ^[3]
• PINE Distributors LLC: The official distributor for the Truth Social ETFs. ^[3]
• Foris Capital US LLC: An SEC-registered broker-dealer affiliated with Crypto.com, tapped to serve as a distributor for the funds filed in February 2026. ^[4]
• Tidal Financial Group: Named as the trustee for the two digital asset ETFs that were filed in August 2024. ^[1]

In a statement regarding the partnership for the 2026 ETFs, Steve Neamtz, President of Yorkville America Equities, said, "In partnership with Crypto.com, we plan to provide an investment platform for investors covering multiple aspects of digital and crypto investing with both capital appreciation and income opportunities." ^[3] Kris Marszalek, Co-founder and CEO of Crypto.com, added, "These two digital asset ETFs have a strong value proposition that Crypto.com is supportive of and look forward to providing traders access to." ^[2]​

Regulatory Status and Political Context

As of February 14, 2026, the registration statements for all proposed digital asset ETFs have been filed with the SEC but are not yet effective. The funds cannot be offered or sold to the public until they receive regulatory approval. ^[3]

Disclosures on the Truth Social Funds website highlight a potential conflict of interest related to its SMA offerings. Index Technologies Group (ITG) directly compensates Yorkville America for client referrals, though the disclosure notes that clients are not obligated to use ITG's services. The brand also clarifies that TMTG and its affiliates make no representation regarding the advisability of investing in the funds. ^[1]

The brand's explicit political association with Donald Trump, a primary owner of TMTG, places it at the intersection of finance and politics. This connection has been noted in the context of U.S. cryptocurrency regulation. According to a report from CoinDesk, Trump's "personal business ties to the crypto sector," including the Truth Social Funds brand, were cited as a "primary sticking point" for legislators working on the U.S. Senate's Digital Asset Market Clarity Act. ^[4]