Truth Social Files for Bitcoin and Ethereum ETF

Coin WorldMonday, Jun 16, 2025 10:04 am ET
1min read

Truth Social, the social media platform associated with former U.S. President Donald Trump, has taken a significant step towards expanding its financial offerings by filing an S-1 form with the U.S. Securities and Exchange Commission (SEC). The filing, submitted on June 16, proposes the issuance and trading of the Truth Social Bitcoin and Ethereum ETF, a dual exchange-traded fund (ETF) sponsored by the asset management firm Yorkville America Digital.

The proposed ETF aims to provide investors with exposure to both Bitcoin (BTC) and Ether (ETH) through shares backed by these crypto assets. This approach is designed to simplify the investment process by removing the complexities associated with direct investment in cryptocurrencies. The shares will be backed by BTC and ETH held by the custodian, Foris DAX Trust Company, which operates as Crypto.com. This

ensures that investors can gain exposure to both cryptocurrencies without the need to manage individual holdings.

The ETF shares are proposed to be listed on the New York Stock Exchange

(NYSE Arca). While Truth Social has confirmed Crypto.com as its dedicated crypto custody provider, details such as the fund’s ticker and its cash custodian are yet to be finalized. The company plans to file an amendment with a summary of the terms of the prime execution agency agreement with Crypto.com in the near future.

This filing follows the SEC's approval of

and Technology Group’s $2.3 billion Bitcoin treasury deal on June 13. The company stated that it has no immediate plans to issue any securities under this deal, which was initially confirmed in late May. The capital raise, initially reported as $2.5 billion, was intended to purchase Bitcoin, reflecting the company's strategic interest in cryptocurrencies.

The proposed Truth Social Bitcoin and Ethereum ETF represents a significant development in the cryptocurrency investment landscape. By offering a regulated and transparent way to invest in both Bitcoin and Ethereum, this ETF could attract a broader range of investors who are interested in cryptocurrencies but may be hesitant to directly purchase and manage digital assets. The ETF's structure, which involves holding the underlying digital assets directly, aligns with the growing trend of institutional investment in cryptocurrencies and reflects the increasing demand for regulated investment products in this space.

Ask Aime: What's the big deal with Truth Social's new Bitcoin and Ethereum ETF?