Former U.S. President Trump has recently made new moves in the "crypto world"- his majority-owned trump media & Technology Group Corp. appears to be one step closer to launching a Bitcoin-linked ETF.

On Tuesday Eastern Time, the New York Stock Exchange submitted a regulatory filing to list a Bitcoin ETF related to Truth Social, the social platform under Trump Media Group- marking the latest step in Trump's foray into the cryptocurrency space.

In February, Trump Media Group applied to trademark several investment products closely tied to Trump's policies, including Bitcoin.

The company signed a formal agreement with New Jersey-based Yorkville Advisors to guide these products through the approval process. These products will be branded under Trump Media and made available to global investors through major brokerage platforms and the Crypto.com app, which boasts over 140 million users worldwide.

Yorkville America Digital was listed as the sponsor of the new Truth Social ETF in Tuesday's filing. The ETF will buy and sell Bitcoin to track its price. According to the document, Foris DAX Trust will serve as the custodian of the digital tokens.

Notably, while the ETF is directly named after Truth Social, the filing does not mention Trump nor provide the new fund's ticker symbol or fees.

If approved, the ETF will join the ranks of over 60 Bitcoin-related ETFs currently available in the U.S. However, compared to others, this ETF may particularly benefit from its "special relationship" with President Trump- especially given his push for Bitcoin-friendly legislation and his past mention of establishing a national cryptocurrency reserve.

Although it remains unclear when the ETF might gain regulatory approval, given its close ties to Trump, the progress of its approval process will undoubtedly draw widespread market attention.

This ETF is one of many cryptocurrency-related ventures being developed by Trump-affiliated companies. Trump Media Group recently also announced that it has raised $2.5 billion from institutional investors to invest in Bitcoin.

Trump Media's recent flurry of moves in the Bitcoin space has drawn criticism from U.S. ethics experts, as Trump could shape Bitcoin-related policies, meaning he stands to directly benefit financially from this sector.