Truth Social steps into ETF market with SEC filing, aims for 75/25 Bitcoin-Ethereum allocation
Truth Social, the media arm of U.S. President Donald Trump, has officially filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) to launch a dual-spot Bitcoin and Ethereum ETF. Sponsored by Yorkville America Digital, the ETF plans to hold 75% of its assets in Bitcoin and 25% in Ethereum, with physical custody of these assets provided by Crypto.com’s Foris DAX Trust Company.
NEW: Trump's Truth Social has filed for a dual Bitcoin & Ethereum ETF. pic.twitter.com/a5iZtrtUyk
— James Seyffart (@JSeyff) June 16, 2025
The ETF aims to list shares on the NYSE Arca, pending SEC approval. Crypto.com is confirmed as the primary custodian and execution agent for the fund. Details such as the ETF’s ticker symbol and cash custodian will be disclosed in a future amendment.
Expanding Trump Media’s crypto strategy
This move comes on the heels of a major $2.3 billion Bitcoin treasury registration approved by the SEC for Trump Media and Technology Group, following a $2.5 billion capital raise. While there are no immediate plans to issue securities tied to the Bitcoin treasury, the new ETF proposal marks a clear step toward broadening the firm’s digital asset strategy.
The dual ETF signals Trump Media’s intent to capitalize on growing institutional demand for regulated crypto investment vehicles. If approved, the product could attract significant inflows from investors seeking diversified exposure to both Bitcoin and Ethereum.
Rising competition in the ETF space
Truth Social’s filing coincided with an S-1 submission by CoinShares for a spot Solana ETF. CoinShares already manages a successful Solana ETP in Europe and is now competing with asset managers like Fidelity, VanEck, and Grayscale, bringing the number of Solana ETF applications under SEC review to eight. However, analysts expect regulatory decisions on Solana ETFs to remain uncertain for now.
Bitcoin rallies on ETF momentum
Bitcoin’s price rose 1.86% to $107,358 within 24 hours of Truth Social’s ETF announcement, reflecting growing investor confidence in institutional crypto products linked to the Trump-backed media brand. If approved, the ETF could pave the way for billions in new capital inflows into Bitcoin and Ethereum markets.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
