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Trump Media Files to Launch Truth Social Bitcoin and Ethereum ETF

The fund will hold 75% Bitcoin, 25% Ethereum with Crypto.com as custodian pending SEC approval.

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Overview

  • Yorkville America Digital is sponsoring the Truth Social Bitcoin and Ethereum ETF and plans to list its shares on NYSE Arca.
  • The filing follows an earlier Truth Social Bitcoin ETF application submitted in early June.
  • In May, Trump Media raised about $2.4 billion to establish a Bitcoin treasury under its Truth.Fi financial services unit.
  • The ETF’s launch depends on the registration statement becoming effective and SEC approval of a Form 19b-4 filing.
  • The move advances Trump Media’s strategy to expand its ‘America First’ crypto and financial services offerings.