Catenaa, Tuesday, June 17, 2025-Truth Social, the social media platform backed by President Donald Trump, has filed with the Securities and Exchange Commission to launch a spot bitcoin and ethereum exchange-traded fund, further deepening Trump Media’s involvement in the cryptocurrency market.
The filing, submitted Monday under the name “Truth Social Bitcoin and Ethereum ETF, B.T.,” outlines a proposed fund that would allocate roughly 75% of its assets to bitcoin and the remainder to ether.
The fund’s sponsor, Yorkville America Digital LLC, reserved the right to alter that ratio at its discretion, pending disclosure through official filings or the fund’s website.
The move follows Truth Social’s earlier June 5 application for a single-asset bitcoin ETF. It also marks the platform’s second attempt at a crypto-based financial product, signaling a broader strategic shift by Trump Media & Technology Group into digital asset investment.
Custody services for the fund will be managed by Foris DAX Trust Co. LLC, consistent with the firm’s previous filing.
With this latest submission, Truth Social becomes the third entity to propose a dual-asset bitcoin-ether spot ETF, joining Bitwise and Hashdex. Similar futures-based filings have also been made by Volatility Shares and ProShares.
The development comes amid rising interest in crypto among conservative investors and intensifying scrutiny of President Trump’s financial links to digital assets. Recent disclosures show Trump earned over $57 million through sales of WLFI, the token associated with his decentralized finance project, World Liberty Financial.
