On June 16, 2025, Trump Media & Technology Group submitted a filing to the U.S. SEC to launch a new exchange-traded fund providing exposure to Bitcoin and Ethereum.
Key Details of the ETF
The ETF, named Truth Social Bitcoin and Ethereum ETF, will allocate approximately 75% of its assets to Bitcoin and 25% to Ethereum, with the possibility for adjustments in the future.
Crypto.com, through its Foris DAX Trust Company affiliate, will act as custodian, while the fund is sponsored by Yorkville America Digital.
The proposed ETF aims to be listed on the New York Stock Exchange Arca and will initially operate on a cash-only creation and redemption model.
Strategic Context
This filing marks a significant step for Trump Media in the digital asset sector, following its recent standalone Bitcoin ETF registration and a multi-billion-dollar Bitcoin treasury deal approved by the SEC. The company seeks to leverage the Truth Social brand to attract traditional investors seeking diversified crypto exposure within a regulated framework.
Industry Implications
If approved, the ETF would become part of a growing list of crypto ETFs in the U.S., competing with offerings from major asset managers like BlackRock, Grayscale, and Fidelity. This initiative also highlights the increasing intersection of politics, social media, and digital finance, as Truth Social aims to be the first politically affiliated platform to pursue a dual crypto ETF.
The Truth Social Bitcoin and Ethereum ETF application reflects the growing acceptance of cryptocurrencies and their integration into mainstream financial products, which could significantly impact the future of the investment landscape.
