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Truth Social makes headlines again as it boldly enters the crypto arena, filing an S-1 for a groundbreaking dual Bitcoin and Ethereum ETF. This strategic move positions Truth Social as a rising player in digital finance, shaking up the ETF landscape with bold ambition.
The filing marks one of the most ambitious crypto plays yet by a public company with direct political ties.
Truth Social has now entered the ETF battlefield, setting up what could be a game-changing move for mainstream crypto adoption.
The filing, submitted on Monday, proposes a new ETF product named the Truth Social Bitcoin and Ethereum ETF, sponsored by Yorkville America Digital.
The proposed fund aims to offer investors direct exposure to both Bitcoin and Ether—without the hassles of managing digital wallets or private keys.
The ETF shares would be fully backed by crypto assets, with Foris DAX Trust Company (doing business as Crypto.com) acting as the crypto custodian.
This move strategically places Truth Social alongside Wall Street heavyweights chasing crypto market share.
While Truth Social confirmed Crypto.com as the crypto custodian, the Bitcoin and Ethereum ETFs’ cash custodian and ticker symbol remain undecided.
According to the filing, the ETF shares are intended to be listed on the New York Stock Exchange’s Arca platform (NYSE Arca).
“The proposed Truth Social Bitcoin and Ethereum ETF has the potential to streamline crypto investment access for everyday investors,” noted James Seyffart, ETF Analyst at Bloomberg Intelligence. “But the SEC’s history with crypto filings suggests this will be a tough road.”
The company added it would file amendments to include terms of its execution agency agreement with Crypto.com in the coming weeks.
The Bitcoin and Ethereum ETF filing comes just days after the SEC approved Trump Media & Technology Group’s (TMTG) Bitcoin treasury strategy.
The $2.3 billion approval gave TMTG legal authority to hold Bitcoin on its balance sheet—a move it had previously denied, but now embraces.
While the company says it has “no immediate plans” to issue securities under the Bitcoin treasury program, its recent $2.5 billion raise to purchase BTC indicates otherwise.
With a growing focus on crypto, Truth Social appears to be positioning itself not just as a media platform—but as a crypto-native corporate powerhouse.
Interestingly, Truth Social’s ETF filing dropped on the same day as CoinShares submitted its own S-1 for a Solana spot ETF, expanding on its European ETP product.
There are now eight pending Solana ETF applications with the SEC, including those from giants like Fidelity, VanEck, and Grayscale.
“This convergence of ETF filings signals Wall Street is all-in on crypto infrastructure,” said Eric Balchunas, Bloomberg’s senior ETF analyst.
However, according to James Seyffart, the likelihood of a Solana ETF approval this week is slim.
With Truth leading the charge, this ETF push marks a rare intersection of politics, crypto, and financial innovation.
A successful listing would make Truth Social the first politically affiliated firm to sponsor a crypto ETF—a dynamic that could influence SEC decisions and investor sentiment.
The Truth Social’s Bitcoin and Ethereum ETF filing shows the platform’s pivot toward digital asset legitimacy is no gimmick.
With Crypto.com on board as custodian, Yorkville America Digital managing the fund, and support from a $2.5 billion Bitcoin treasury strategy, Truth is emerging as a formidable player in both media and crypto finance.
As ETF approvals trickle in and institutional capital flows toward digital assets, all eyes now turn to whether Truth can clear the SEC’s regulatory gauntlet—and redefine what it means to be a crypto-first company in 2025.
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