Truth Social Files for Spot Bitcoin and Ethereum ETF with SEC – Coincu

Trump Media & Technology Group’s Truth Social filed for a spot Bitcoin and Ethereum ETF with the SEC on June 16, 2025. The proposed ETF targets mainstream investors, offering regulated exposure to these cryptocurrencies.

This filing represents a strategic expansion in Trump Media’s crypto endeavors, following a significant Bitcoin treasury purchase. The ETF plans to list on NYSE Arca, potentially increasing market participation with its dual focus on Bitcoin and Ethereum.

Truth Social’s Ambitious ETF Proposal Targets Broader Market Reach

Truth Social, under Trump Media, has initiated an SEC filing for a spot Bitcoin and Ethereum ETF, aiming to introduce a regulated platform for cryptocurrency investment. The application highlights a dual exposure strategy, with 75% towards Bitcoin and 25% to Ethereum. This fund is proposed to be custodied by Crypto.com’s Foris DAX Trust Company, and sponsored by Yorkville America Digital.

This ETF represents a significant addition to Trump Media’s growing cryptocurrency portfolio, aligning with its Bitcoin acquisition reported earlier. The NYSE Arca listing aims to broaden retail and institutional access within a regulated framework.

The involvement of a high-profile entity like Trump Media could spur wider market acceptance and prompt other firms to pursue similar products. “We are excited to offer a regulated way for investors to gain exposure to Bitcoin and Ethereum through our ETF.” – Donald Trump, Former President, Trump Media & Technology Group.

Potential Market Impact of New Crypto ETF

Did you know? The first Bitcoin ETF was proposed in 2013, but it took nearly a decade for the SEC to approve one.

As of June 16, 2025, Bitcoin (BTC) is trading at $107,609.37 with a market cap of $2.14 trillion, exhibiting a 1.86% price increase over 24 hours. Ethereum’s inclusion in the ETF reflects its importance as a foundational Layer 1 asset, alongside Bitcoin’s dominant market presence. Recently, BTC shows a 31.65% increase over 90 days, according to CoinMarketCap data.

The Coincu research team highlights that the ETF might enhance market liquidity and regulated asset entry. Drawing from previous ETF attempts, regulated exposure could potentially impact traditional finance sectors and appeal to broader investor demographics, setting a precedent for future regulatory actions.