Truth Social Files for Bitcoin Ethereum ETF on NYSE Arca

Truth Social, the social media arm of Trump Media & Technology Group, has filed an application with the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin and Ethereum exchange-traded fund (ETF). This filing, submitted on June 16, 2025, aims to create an ETF that will allocate 75% of its assets to Bitcoin and 25% to Ethereum. The ETF is planned to be listed on NYSE Arca, with Crypto.com serving as the exclusive custodian and execution agent. Yorkville America Digital will also support the custody and operations of the ETF.

This move marks a strategic expansion for Truth Social into the cryptocurrency market, highlighting the increasing involvement of Trump Media & Technology Group in the digital asset space. The proposed ETF represents a novel financial vehicle that offers investors a regulated and accessible way to gain exposure to both Bitcoin and Ethereum. By tracking the price performance of these cryptocurrencies, the ETF aims to provide a more straightforward and potentially less volatile entry point into the cryptocurrency market compared to direct purchases of the digital assets.

The filing with the SEC is a significant milestone for Truth Social, as it seeks to leverage its existing user base and brand recognition to attract investors interested in cryptocurrencies. The proposed ETF not only offers investors a regulated way to gain exposure to Bitcoin and Ethereum but also presents a potential new revenue stream for Truth Social. As the platform continues to grow its user base and expand its services, the ETF could become an important component of its business model, appealing to both retail and institutional investors.

This application comes at a time when the cryptocurrency market is under increased scrutiny and regulatory attention. The SEC has been cautious in approving cryptocurrency-related ETFs, citing concerns over market manipulation and investor protection. However, the receipt of Truth Social's application indicates that the regulatory body is open to considering new proposals, provided they meet the necessary standards. The approval of this ETF could influence potential data-driven outcomes and pave the way for wider ETF adoption in the cryptocurrency market.

Historically, multi-asset exposure in ETFs has been minimal, making this move by Truth Social significant. The proposed ETF's investment allocation balancing between Bitcoin and Ethereum highlights the importance of this initiative in the broader financial landscape. The move by Truth Social to apply for a Bitcoin and Ethereum ETF is part of a broader trend in the financial industry, where traditional institutions are increasingly looking to incorporate cryptocurrencies into their offerings. This trend is driven by the growing acceptance of digital assets as a legitimate investment class and the potential for significant returns.

Should the SEC approve the application, markets could witness shifts in crypto asset interest, with institutional adoption potential remaining closely monitored. Concerns over regulatory responses linger, with rules under SEC scrutiny. The SEC’s ruling could influence potential data-driven outcomes, and industry anticipation grows for wider ETF adoption. The approval of this ETF could set a precedent for other platforms and institutions to follow suit, further integrating digital assets into the mainstream financial system.