- Trump’s Truth Social has filed an S-1 form with the SEC to launch a dual spot ETF backed by 75% Bitcoin and 25% Ethereum, with Crypto.com as custodian.
- The move follows Trump Media’s $2.3 billion Bitcoin treasury approval and reflects growing institutional interest in regulated crypto investment products.
Truth Social, the media platform linked to Donald Trump, has officially entered the crypto ETF race. In a recent filing with the U.S. Securities and Exchange Commission (SEC), Trump Media submitted an S-1 form to launch a dual spot ETF focused on Bitcoin and Ethereum. The ETF will be sponsored by Yorkville America Digital and backed by digital assets held on Crypto.com’s Foris DAX Trust Company.
A Strategic Crypto Allocation
According to the filing, the proposed ETF will hold 75% of its assets in Bitcoin and 25% in Ethereum. Crypto.com is set to serve as the fund’s custodian and primary execution agent. The ETF aims to list on NYSE Arca once approved. Although the fund’s ticker symbol and cash custodian remain undisclosed, Truth Social plans to submit an amendment with full details soon.
Truth Social Builds on Trump Media’s Bitcoin Treasury
This ETF proposal follows a recent SEC decision approving Trump Media’s $2.3 billion Bitcoin treasury registration. The company raised $2.5 billion to support this move, though it clarified there are no immediate plans to issue securities under that structure. Still, the ETF initiative signals a deeper push into crypto-backed financial products.
Market Responds With Confidence to Truth Social ETF Filing
News of the ETF filing had an immediate impact on the market. Bitcoin’s price rose by 1.86% to $107,358 within 24 hours of the announcement. This shows growing investor confidence in institutional crypto products, especially those tied to high-profile entities like Truth Social.
Institutional Demand Keeps Growing
Truth Social’s move comes as demand for regulated digital asset investment products continues to rise. On the same day, CoinShares filed for a spot Solana ETF, increasing the number of Solana-related applications under SEC review to eight. The competition highlights the growing appeal of crypto ETFs across multiple asset classes.
If approved, the Truth Social ETF could attract billions in new institutional investment, further legitimizing crypto in traditional finance. This strategic move by Trump Media not only broadens its digital asset exposure but also strengthens the evolving ecosystem of crypto investment products.
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