Truth Social, the social media platform run by Trump Media & Technology Group, has filed to launch an exchange-traded fund that would track both bitcoin and ether prices.
In a Form S-1 submitted Monday, the proposed “Truth Social Bitcoin and Ethereum ETF, B.T.” said about three-quarters of its assets would be allocated to bitcoin. The sponsor, Yorkville America Digital LLC, may later change that 3-to-1 ratio “in its sole discretion,” according to the prospectus. Any change would be disclosed in a prospectus supplement, SEC filings, or on the fund’s website.
Foris DAX Trust Co. LLC is listed as custodian, as it was in the previous crypto ETF filing from Truth Social.
Truth Social is the third issuer to pursue a dual bitcoin-ether product, according to SEC records, following filings from Bitwise and Hashdex. Volatility Shares and ProShares also filed for similar products, but tied to futures markets.
Trump Media expands crypto foray
The application comes on the heels of Truth Social’s June 5 filing for a single-asset bitcoin ETF. Shortly after, the SEC approved Trump Media’s multi-billion-dollar bitcoin plan following a $2.32 billion private offering in another push into the digital asset industry.
Both updates have added to Trump’s growing ties to cryptocurrency. More recently, new disclosures revealed that the U.S. President earned over $57 million from the sale of World Liberty Financial’s WLFI, the native token for the Trump-helmed decentralized finance project.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
