Truth Social, operated by Trump Media & Technology Group Corp., has submitted applications for Bitcoin and Ethereum spot ETFs. This initiative could significantly impact cryptocurrency markets.
Applications for Bitcoin and Ethereum ETFs
On June 16, 2025, Truth Social submitted applications for spot Bitcoin and Ethereum ETFs, with plans to allocate **75% of assets to Bitcoin** and **25% to Ethereum**. The proposed ETFs aim to be listed on NYSE Arca, pending SEC approval. *"Trump Media & Technology Group Corp., operated by Truth Social, partners with Yorkville America Digital,"* stated the official filing. Yorkville will serve as asset manager, with **Crypto.com as exclusive custodian**.
Potential Market Implications
*"The application could impact BTC and ETH specifically, given the ETF’s direct allocation,"* notes a source, highlighting potential market effects stemming from the ETF filing. However, without official financial projections, the exact impact on market value remains undetermined.
Historical Context and Market Dynamics
Previous approvals of Bitcoin spot ETFs in the U.S. have historically led to increased investor interest and substantial institutional inflows, affecting short-term market dynamics. At the time of the filing on June 16, 2025, Bitcoin (BTC) traded at **$106,669.57**, with a market cap of **$2.12 trillion**. The 24-hour trading volume was reported at **$43.07 billion**, reflecting a **1.15% increase**.
Truth Social's applications for Bitcoin and Ethereum ETFs suggest significant changes in the cryptocurrency market, though their impact will depend on SEC evaluation and public response.
