Trump’s Truth Social Registers Bitcoin and Ethereum ETF in Nevada

US President Donald Trump’s Truth Social has officially registered a new entity, signaling its plans to enter the cryptocurrency investment sector. On June 5, the company registered the Truth Social Bitcoin and Ethereum ETF as a domestic business trust in Nevada.

The registration sets the groundwork for an eventual offering of a Bitcoin and Ethereum exchange-traded fund (ETF), focusing on the two largest cryptocurrencies by market capitalization.

Truth Social Registers Bitcoin and Ethereum ETF in Nevada

The registration of Truth Social Bitcoin and Ethereum ETF in Nevada is an important legal step for the company. As per public records filed with the Nevada Secretary of State, the trust was registered under entity number E49494922025-3.

While the trust’s formal offering documents have not yet been submitted to the Securities and Exchange Commission (SEC), this filing signals the company’s intent to launch a cryptocurrency ETF.

The registration has a dual asset focus targeting Bitcoin (BTC) and­ Ethereum (ETH). As the two biggest digital assets from the point of view of market capitalization, these cryptocurrencies attract a wide audience of investors. Though not confirmed, the Truth Social Bitcoin and Ethereum ETF could include investments in spot and futures based Bitcoin and Ethereum.

Truth Social’s Partnership with Yorkville America Digital

Truth Social’s foray into cryptocurrency investments has been supported by a partnership with Yorkville America Digital, a crypto asset manager.

On June 3, Yorkville submitted its Form 19b 4 to the SEC to request approval to list and trade shares of proposed Truth Social Bitcoin ETF. Filing with the SEC is a crucial step in the approval process for the ETF as it puts in a proposal to change a rule with the SEC’s self regulatory organization (SRO).

Yorkville’s involvement is not limited to regulatory filings. The firm has also submitted a Form S-1 registration statement to the SEC for the Bitcoin fund. The S-1 is typically filed before the 19b-4, although the order of filings in this case was reversed. The SEC is required to decide on the application within 240 days from the filing of the 19b-4.

Potential Impact of the Truth Social Bitcoin and Ethereum ETF

If approved, the Truth Social Bitcoin and Ethereum ETF would become one of the many spot Bitcoin ETFs in the marketplace. Already these are major financial firms like BlackRock, Grayscale, Fidelity and Franklin Templeton who have rolled out Bitcoin ETFs and that’s just in the last couple years.

Among these, BlackRock’s iShares Bitcoin Trust (IBIT) has become one of the most successful, amassing nearly $70 billion in assets since its launch.

Foris DAX Trust Company, a key crypto asset player and the custodian of Crypto.com’s own assets would custody the Truth Social Bitcoin and Ethereum ETF. This partnership indicates a move toward making the fund’s management more secure and reliable for potential investors.