Trump Media & Technology Group, the company behind Truth Social, has made a bold move into the cryptocurrency space by filing for a spot Bitcoin and Ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Submitted on June 16, 2025, the ETF seeks to give investors access to the top two cryptocurrencies, allocating 75% to Bitcoin and 25% to Ethereum. This article breaks down the key details, potential implications, and what investors should consider.
What is the Bitcoin and Ethereum ETF from Truth Social?
The proposed ETF, structured as a commodity-based trust, seeks to simplify crypto investing by allowing investors to gain exposure to Bitcoin and Ethereum through a single ticker on NYSE Arca. The fund will use the CME CF benchmark reference rate to calculate its net asset value, ensuring transparency. Yorkville America Digital, LLC, sponsors the ETF, handling operations and regulatory compliance, while Foris DAX Trust Company, an affiliate of a major crypto platform, serves as the custodian, securely storing the fund’s Bitcoin and Ethereum in cold storage.
Why Is This Filing Significant?
This filing marks a strategic pivot for Trump Media, traditionally known for its social media platform, into the fast-growing crypto investment market. The ETF follows the SEC’s approvals of spot Bitcoin ETFs in January 2024 and Ethereum ETFs in July 2024, both of which have drawn in billions of dollars in assets. By entering this space, Trump Media aims to capitalize on the increasing mainstream acceptance of cryptocurrencies and attract both retail and institutional investors.
The choice of a 75/25 Bitcoin-to-Ethereum allocation reflects a balanced approach, combining Bitcoin’s store-of-value appeal with Ethereum’s utility in decentralized applications. The involvement of a reputable custodian adds credibility, addressing concerns about security and regulatory compliance.
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What’s the Current Status?
The SEC has acknowledged the S-1 filing, initiating a review process that could last up to 240 days, with a decision on the Bitcoin ETF component expected by January 29, 2026. Additionally, NYSE Arca filed a Form 19b-4 on June 24, 2025, to list and trade the ETF shares. While these steps are promising, approval is not guaranteed, as the SEC will scrutinize the fund’s structure, market risks, and investor protections.
What Should Investors Consider?
For investors, this ETF could offer a regulated, accessible way to invest in cryptocurrencies without managing private keys or wallets. However, there are risks:
- Regulatory Uncertainty: The SEC’s final decision is pending, and past rejections of crypto ETFs highlight the regulatory hurdles.
- Market Volatility: Bitcoin and Ethereum prices are highly volatile, which could impact the ETF’s performance.
- Fees and Costs: The filing details are yet to disclose management fees, which could affect returns.
Investors should also note that this ETF aligns with Trump Media’s broader crypto ambitions, including a proposed $2.3 billion Bitcoin treasury plan, signaling a long-term commitment to digital assets.
Also Read: President Trump’s Truth Social Bets Big on Bitcoin: Inside the ETF Filing
Conclusion
Trump Media’s filing for a Bitcoin and Ethereum ETF through Truth Social is a significant step toward bridging traditional finance and cryptocurrencies. For investors, it offers a potential opportunity to diversify portfolios, but caution is warranted due to regulatory and market risks. Stay informed by monitoring SEC updates and conducting thorough research before investing.
FAQs
What is Truth Social’s Bitcoin and Ethereum investment fund?
It’s a proposed ETF by Trump Media that allows investors to gain exposure to Bitcoin (75%) and Ethereum (25%) through shares traded on NYSE Arca.
When will the ETF be available?
The SEC is reviewing the filing, with a decision expected by January 29, 2026. Approval is not guaranteed.
Who is the custodian for the ETF?
Foris DAX Trust Company, connected to a big crypto platform, will safely keep the Bitcoin and Ethereum for the ETF.
Is this a secure way to invest in cryptocurrency?
While regulated ETFs reduce some risks, crypto investments remain volatile. Investors should assess their risk tolerance and conduct due diligence.
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