Donald Trump’s Truth Social Takes Bold Step, Files for Both Bitcoin and Ethereum ETFs!

Jakarta, Pintu News – On June 16, 2025, Trump Media and Technology Group Corp. (NASDAQ: DJT), the parent company of Truth Social, announced the filing of registration documents with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) that combines Bitcoin (BTC) and Ethereum (ETH).

The proposed ETF, named the Truth Social Bitcoin and Ethereum ETF (ticker: B.T.), will directly hold both cryptocurrencies, providing a unique investment opportunity for investors.

ETF Details and Structure

The proposed ETF will have an allocation of 75% to Bitcoin (BTC) and 25% to Ethereum (ETH). It is planned to be listed on NYSE Arca, pending regulatory approval.

Read also: Ethereum Surges to $2,600 Today—Could $2,800 Be Next?

The structure of this ETF is similar to other spot crypto ETFs proposed by major companies such as BlackRock and Fidelity, which also aim to hold crypto assets directly.

However, the authorization from the SEC is still in progress and has not been effective as of yet. Crypto.com has been appointed as the exclusive depositary, lead execution agent and liquidity provider for this ETF.

In addition, they will also provide staking services, although it is not yet clear how this will affect the returns or fund structure of the ETF.

Strategic Roles and Partnerships

Yorkville America Digital, LLC, based in Mountainside, New Jersey, will act as the ETF’s official sponsor. Yorkville’s duties include monitoring fund activity, regulatory compliance, and coordination with other service providers.

This partnership shows Trump Media’s serious efforts in developing innovative and up-to-date financial products.

In June, Trump Media also announced a $2.5 billion Bitcoin depository plan and successfully raised approximately $2.44 billion through a private placement offering with nearly 50 institutional investors.

The funds raised will be used to support ETF initiatives, expand the Truth+ streaming platform, and develop the Truth.Fi fintech brand.

Read also: Will Tomorrow’s FOMC Meeting Shake Up the Crypto Market’s Recovery? Here’s What You Need to Know!

Trump Media’s Expansion and Future Vision

Under the leadership of CEO Devin Nunes, Trump Media has taken great strides in the digital asset space so far this year.

With the launch of this dual ETF, Trump Media not only expands its digital financial product coverage but also affirms its commitment to innovation and leadership in financial technology.

Nunes stated in a press statement that “Trump Media is committed to offering innovative financial products that are aligned with the digital future.” This demonstrates the company’s vision to continue being at the forefront of financial and technological innovation.

With this move, Trump Media and Technology Group not only strengthens its position in the technology and finance market but also paves the way for investors to access crypto assets through a more traditional and organized structure.

The launch of this ETF could be an important turning point in the way institutions and individuals invest in Bitcoin (BTC) and Ethereum (ETH).

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Donald Trump’s Truth Social Files for Dual Bitcoin and Ethereum ETF. Accessed on June 17, 2025
• Coinpedia. Truth Social Files S-1 Registration for Bitcoin Ethereum ETFs on NYSE Arca. Accessed on June 17, 2025
• Cointelegraph. Trump Truth Social SEC’s 1 Bitcoin Ether ETFs. Accessed on June 17, 2025