Washington, D.C. – June 18, 2025 – Trump Media & Technology Group has officially filed a registration with the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) named the “Truth Social Bitcoin and Ethereum ETF” (B.T.), marking the company’s first move into the digital asset market.
ETF to Hold Bitcoin and Ethereum Directly
According to the filing, the ETF will directly hold both Bitcoin and Ether, with an initial allocation of 75% Bitcoin and 25% Ether. Once approved, shares of the fund are expected to be listed on NYSE Arca, allowing investors direct exposure to the top two cryptocurrencies through a regulated and monitored instrument.
Fund Structure and Key Partners
The fund will operate as a Nevada business trust, with shares issued and redeemed in blocks of 10,000 units via authorized market makers. Initially, creation and redemption will be done in cash, but in-kind transactions using digital assets may be permitted in the future pending regulatory approval.
Crypto.com has been designated as the custodian, primary liquidity provider, exclusive staking partner, and execution agent for the ETF. Yorkville America Digital, LLC is named as the fund’s sponsor.
Trump Media noted that the ETF launch is subject to the SEC’s approval of the registration statement and Form 19b-4 – a mandatory step for publicly traded ETFs.
Not Registered Under Traditional Investment Laws
Unlike traditional ETFs, the Truth Social ETF is not registered under the Investment Company Act of 1940, since it holds digital assets rather than securities. Therefore, it is structured as a “grantor trust,” similar to funds like Grayscale, and is exempt from certain stringent disclosure, structural, and investor protection requirements.
The company also clarified that the ETF shares are not currently being offered for sale, and any such offer will be deemed invalid until SEC approval is granted.
Strategic Expansion into Digital Finance
The ETF filing marks a strategic shift for Trump Media, expanding beyond social media and digital content into the realm of financial services. Alongside Truth Social, the company is developing a financial arm called Truth.Fi, aimed at competing in digital assets, DeFi, and next-gen investment products.
Through this ETF, Trump Media signals its ambition to become a legitimate player in the Web3 financial ecosystem, offering investors a transparent, regulated, and convenient way to gain exposure to Bitcoin and Ethereum – all within a single fund.
Conclusion
If approved by the SEC, the Truth Social Bitcoin and Ethereum ETF would become one of the few funds in the market to offer simultaneous, direct access to both BTC and ETH – the world’s leading digital assets. This move not only expands Trump Media’s reach but also reflects the growing trend toward the institutionalization and regulatory acceptance of digital assets in global finance.
