- Trump Media files ETF application for Bitcoin and Ethereum.
- 3:1 BTC to ETH allocation proposed for the ETF.
- Potential increase in institutional interest in cryptocurrencies.
Trump Media & Technology Group, operating Truth Social, filed a spot Bitcoin and Ethereum ETF application with the U.S. Securities and Exchange Commission on July 8, 2025. This could enhance crypto adoption and aligns with institutional interest in digital assets.
Trump Media announced the filing of an initial registration statement for a spot Bitcoin and Ethereum ETF. The application involves Yorkville America Digital and Crypto.com, tasked as the custodian and liquidity provider. Crypto.com, a substantial entity in cryptocurrency management, brings significant institutional support.
Truth Social’s New ETF Proposal Sets 3:1 BTC to ETH Ratio
The ETF plan proposes a 3:1 allocation of Bitcoin to Ethereum. While both assets saw minor price increases amidst the filing period, it remains unclear if the ETF announcement influenced this uptick explicitly. This development illustrates a strategic push into institutional-grade crypto products by Truth Social.
Despite the magnitude of this move, there has been a notable absence of public statements from Donald Trump and Truth Social’s senior executives on platforms like Twitter or LinkedIn. Meanwhile, the Bitcoin and Ethereum markets witnessed modest stability, with industry leaders remaining silent regarding the ETF.
Shannon Devine, Managing Director, MZ North America, stated, “Trump Media and Technology Group Corp. … announced today the filing with the U.S. Securities and Exchange Commission of the initial registration statement on Form S-1 (the ‘Registration Statement’) for the Truth Social Bitcoin and Ethereum ETF, B.T.”
Bitcoin’s $2.15 Trillion Market Cap: ETF’s Potential Influence
Did you know? Historical trends underscore the financial promise these novel products present.
Bitcoin’s current valuation stands at approximately $107,960.07 with a market cap nearing $2.15 trillion. It exhibited a 40.28% increase over 90 days, sustaining a market dominance of 64.46%, according to CoinMarketCap. Ethereum maintains a 24.54% dominance, trading around $2,640.
According to Coincu research, the expansion into ETFs such as Truth Social’s could drive significant institutional interest, potentially escalating Bitcoin’s market presence. This development aligns with the current trajectory towards mainstream adoption and broader asset integration within financial markets.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/347362-truth-social-bitcoin-ethereum-etf-sec-2/