Just In: Donald Trump Truth Social Files for Dual Bitcoin and Ethereum ETF

Donald Trump Truth Social has filed to launch a new cryptocurrency ETF offering exposure to both Bitcoin and Ethereum.

Trump Truth Social Files for Dual Bitcoin and Ethereum ETF

Trump Media and Technology Group Corp. (NASDAQ: DJT), the parent company of Truth Social, announced on June 16, 2025, that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF).

Subsequently, the proposed fund, named the Truth Social Bitcoin and Ethereum ETF (ticker: B.T.), would directly hold both Bitcoin (BTC) and Ethereum (ETH), offering investors exposure to both assets under one product.

The registration statement was submitted on Form S-1 under the Securities Act of 1933. The fund proposes a split allocation of 75% in Bitcoin and 25% in Ethereum, and it is set to be listed on NYSE Arca, pending regulatory approval. According to Bloomberg ETF analyst Eric Balchunas, the filing positions Truth Social among other firms seeking to offer spot crypto ETFs in the United States.

Crypto.com and Yorkville America Digital Roles

Concurrently, Crypto.com has been named as the exclusive custodian, prime execution agent, and liquidity provider for the ETF. The company will also provide staking services, although the registration statement does not clarify whether the staking will affect ETF returns or fund structure.

Yorkville America Digital, LLC, based in Mountainside, New Jersey, has been listed as the official sponsor of the ETF. The duties of Yorkville will involve monitoring activities of the fund, compliance with regulations and liaising with service providers. 

The ETF is in a trust structure with direct cryptocurrency holdings, as other proposed spot crypto ETFs like the ones from BlackRock (iShares Bitcoin Trust or IBIT) and Fidelity (Wise Origin Bitcoin Fund or FBTC). Nevertheless, the SEC has not yet made the filing effective and the Form 19b-4 approval is still pending.

Trump Media’s Crypto Expansion

Under the leadership of CEO Devin Nunes, Trump Media has taken a number of steps into the digital asset space throughout the year. In June earlier this year, the firm filled a different Form S-1 on a Bitcoin only ETF and also revealed a $2.5 billion Bitcoin treasury plan during a company event in Las Vegas.

The company in addition completed a private placement deal worth about $2.44 billion involving nearly 50 institutional investors. The raised capital is intended to support the ETF initiative, expand the Truth+ streaming platform, and develop the Truth.Fi fintech brand.

Nunes said in a recent press statement;

“Trump Media is committed to offering innovative financial products aligned with the digital future,”.