Truth Social, associated with former U.S. President Donald Trump, has filed with the Securities and Exchange Commission (SEC) for a dual Bitcoin and Ethereum exchange-traded fund (ETF). The proposed ETF leverages Crypto.com’s digital asset holdings and aims to simplify cryptocurrency exposure for investors, with plans to list on NYSE Arca.
The filing, submitted via an S-1 form, designates Yorkville America Digital as the sponsor and Crypto.com’s Foris DAX Trust Company as custodian. Specific details including ticker symbols and cash custodians will be disclosed in a subsequent amendment.
This initiative follows the SEC’s recent approval of Trump Media and Technology Group’s $2.3 billion Bitcoin treasury registration. TMTG clarified it has no immediate plans to issue securities under this arrangement.
The ETF structure seeks to mitigate risks inherent in direct cryptocurrency ownership—such as wallet management and security vulnerabilities—by offering shares backed by actual Bitcoin and Ethereum assets.
Market analysts project the ETF could accelerate institutional and retail adoption of cryptocurrencies, capitalizing on Crypto.com’s established security infrastructure and industry credibility.