Recently, Trump Media and Technology Group filed for a new ETF focusing on Bitcoin and Ethereum, marking an important step in the world of digital assets.
Plan for Launching Dual ETF
Trump Media and Technology Group submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) on June 16, 2025. This filing proposes the launch of a new dual ETF named the Truth Social Bitcoin and Ethereum ETF (ticker: B.T.). The fund aims to allocate 75% of its assets to Bitcoin and 25% to Ethereum. Crypto.com will act as the exclusive custodian and liquidity provider for the fund. ETF shares are intended to be listed on NYSE Arca, pending regulatory approval.
Political and Regulatory Aspects
The ETF filing is a landmark event as it represents the first attempt to launch a dual spot crypto ETF from an entity closely aligned with a major political figure. This move can be seen as a powerful endorsement, especially for those less familiar with crypto. By offering a regulated ETF product, it significantly lowers the barriers for retail investors. However, the involvement of a politically charged entity also introduces new layers of scrutiny. This could either lead to favorable regulations or more contentious legislative battles.
Market Accessibility and Broader Adoption
The ETF aims to make crypto investing accessible to a wider audience by removing the complexities associated with direct cryptocurrency ownership. This ease of access could attract new retail investors. Additionally, major public companies are showing confidence in digital assets. For example, MicroStrategy has recently acquired an additional 10,100 Bitcoin for $1 billion, reflecting broader corporate interest in Bitcoin as a strategic asset. The cryptocurrency market continues to attract significant institutional capital, indicating strong underlying demand.
Trump Media's move sets new directions for crypto investment and emphasizes the connection between political and financial spheres. The future of cryptocurrencies and their integration into mainstream political discourse is becoming increasingly relevant.
