Key Insights:
- Trump Media and Technology Group (TMTG) has filed with the SEC to launch a “Truth Social Bitcoin and Ethereum ETF”.
- The proposed ETF will allocate 75% to Bitcoin and 25% to Ethereum as a way to simplify access to both cryptocurrencies.
- The fund will be sponsored by Yorkville America Digital, with Crypto.com as custodian, and shares backed by actual BTC and ETH.
Donald Trump’s Truth Social platform is making a splash in the crypto space. Recently, on June 16, Trump Media and Technology Group (TMTG), the parent company behind the platform, filed a registration statement with the U.S. Securities and Exchange Commission (SEC). This filing was made as the platform plans to launch a dual crypto exchange-traded fund (ETF).
According to the document, the proposed product, called the Truth Social Bitcoin and Ethereum ETF, is geared towards simplifying access to the two largest cryptocurrencies within a single investment vehicle. Here are all the details of the proposal and what it means for investors.
A Dual Crypto ETF
According to reports, the ETF (assuming it is approved), will be sponsored by Yorkville America Digital. It will also be backed by actual BTC and ETH held in custody by Foris DAX Trust Company (better known as Crypto.com).
BREAKING 🚨: President Trump’s Truth Social files for $BTC and $ETH ETF.
You are not bullish enough. pic.twitter.com/Nt1FpWz433
— Ant (@KingAnt777) June 16, 2025
The proposed fund will allocate 75% of its assets to Bitcoin and the remaining 25% to Ethereum. For investors, this is quite unlike direct crypto investing, which requires wallets, private keys, and constant vigilance.
Investors in the Truth Social ETF will find it to be a far more accessible solution, where exposure to BTC and ETH is available via shares listed on the New York Stock Exchange Arca (NYSE Arca). The fund’s ticker symbol is expected to be “B.T.”, even though this and the identity of the fund’s cash custodian are still subject to confirmation.
Why Bundle Bitcoin and Ethereum?
This is a good question with a good answer. For starters, bundling both Bitcoin and Ethereum in one fund is not only unusual, it’s strategic. Bitcoin dominates headlines as “digital gold” so far, with its institutional adoption growing since the first wave of spot Bitcoin ETF approvals in January 2024.
Ethereum is slightly less talked about in the mainstream. However, it has gained favor among institutions due to its smart contract capabilities, staking rewards and deflationary tokenomics. Truth Social, in this case, by allocating 75% to Bitcoin and 25% to Ethereum, intends to present an investment vehicle that is a simplified, one-stop option for investors.
As a result, investors looking to hold both assets without the hassle of managing multiple ETFs or wallets will find this product highly attractive
The Politics Behind the Product
While the ETF market for crypto itself was established because of financial innovation, the politics surrounding this particular product are impossible to ignore. This is not just another ETF from an asset manager like BlackRock or Fidelity.
It’s a product launched under the Trump Media umbrella, which is especially important at a time when Trump himself is once again the major figure in American politics.
For supporters of Trump and Truth Social, the ETF could represent renewed belief from the US president in DeFi and economic sovereignty. Still, critics might see the move as an effort to politicize the ETF market and attract attention from a voter base that is increasingly interested in crypto.
Overall, if approved, the Truth Social ETF could become more than just an investment product. It may mark a new shift in the debate over cryptocurrency, regulation, and politics.
Truth Social’s ETF proposal comes on the heels of the SEC approving Trump Media’s $2.3 billion Bitcoin treasury registration. It also comes on the same day that CoinShares filed its S-1 form to launch a Solana (SOL) spot ETF.
Coinshares jumping into the Solana spot ETF race w new filing this morning. I think we are up to 8 now. pic.twitter.com/IqJxpSGICd
— Eric Balchunas (@EricBalchunas) June 16, 2025
Other major players like Fidelity, Franklin Templeton, and VanEck have also filed for Solana ETFs, which shows that the competition to launch crypto investment vehicles is heating up quickly.
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