Trump Media & Technology Group has officially filed to launch a new cryptocurrency ETF, aiming to directly expose investors to both Bitcoin and Ethereum.
The filing, submitted to the U.S. Securities and Exchange Commission (SEC) on June 16, outlines plans for the “Truth Social Bitcoin and Ethereum ETF” under the ticker B.T.
According to the company, the fund will allocate 75% of its assets to Bitcoin and 25% to Ethereum, mirroring the price movement of both cryptocurrencies.
Trump Media, the operator of Truth Social, streaming platform Truth+, and financial arm Truth.Fi, emphasized its push into digital assets as part of its broader financial innovation strategy.
Crypto.com to Serve as Custodian and Execution Agent
The ETF will be custodied by Crypto.com, which will also act as the prime execution agent. In addition to safeguarding the assets, Crypto.com will provide staking and liquidity services, according to the filing.
The launch is expected to take place later in 2025, pending regulatory approval. If successful, it would place Trump Media among the first high-profile media and tech companies to offer direct investment vehicles tied to the performance of Bitcoin and Ether.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/trump-media-moves-to-launch-bitcoin-and-ethereum-etf/