Trump’s Truth Social ETF tracking bitcoin and ether takes step closer to approval as NYSE files key SEC paperwork

The New York Stock Exchange has taken a crucial step toward listing a financial product: the Truth Social ETF tracking bitcoin and ether.

In a Tuesday filing with the SEC, NYSE Arca submitted a 19b-4 form seeking approval for the ETF, which would track the combined performance of bitcoin and ether with a 3:1 weighting ratio.

This move shows growing institutional acceptance of crypto assets—and an unprecedented merger of politics and digital asset investing.

If approved, the Truth Social ETF tracking bitcoin and ether would mark the first ETF tied directly to a political figure’s business empire.

Trump Media & Technology Group (TMTG), parent company of the Truth Social platform, is partnering with Yorkville America Digital as the fund’s sponsor.

Why this ETF stands out in a crowded market

While over a dozen bitcoin ETFs already trade in the U.S., the Truth Social ETF tracking bitcoin and ether distinguishes itself through its political connections and dual-asset approach. The fund’s 75% bitcoin and 25% ether allocation mirrors strategies used by institutional investors hedging across the two largest cryptocurrencies.

Market analysts note the filing’s timing aligns with TMTG’s aggressive crypto expansion. Just last month, the company announced plans to create a $2.32 billion bitcoin treasury—a move that would make it one of the largest corporate holders of BTC.

The SEC’s tricky decision ahead

Regulators now face a unique challenge: evaluating an ETF that blends mainstream crypto exposure with the polarizing Trump brand. The Truth Social ETF tracking bitcoin and ether could test the SEC’s traditionally apolitical stance on financial products.

“This isn’t just another crypto ETF,” said financial analyst Rebecca Chen of Bernstein Capital. “The Truth Social ETF tracking bitcoin and ether introduces new questions about how politically-linked investment products should be treated.”

Behind the fund’s structure

According to filings:

• Custodian: Foris DAX Trust (also used by crypto platforms like Crypto.com)

• Expense ratio: Not yet disclosed (industry averages 0.25-0.75% for crypto ETFs)

• Ticker: Expected to be “DJTBC” (Donald J. Trump Bitcoin/Ether Combination)

The Truth Social ETF tracking bitcoin and ether follows TMTG’s earlier proposal for a bitcoin-only ETF filed June 3. Together, these funds could create a $1 billion+ crypto investment arm for Trump’s media company.

Political fundraising meets crypto boom

Insiders suggest the Truth Social ETF tracking bitcoin and ether could tap into two booming markets:

1. Crypto curiosity: 22% of U.S. adults now own digital assets (Pew Research)

2. Political investing: MAGA-themed stocks surged 300% during election years

“This isn’t just about crypto adoption,” noted political economist Mark Douglas. “The Truth Social ETF tracking bitcoin and ether represents a financialization of political movements we haven’t seen since the Obama bonds debate.”

What’s next for investors?

The SEC has 45 days to:

• Approve

• Deny, or

• Extend its review period

Approval could trigger:
New crypto-political investment category
Increased volatility for DJT stock (currently $42/share)
Copycat funds from other political groups

As the Truth Social ETF tracking bitcoin and ether moves through regulatory review, one thing is clear: The lines between politics, media, and crypto have never been blurrier. With Trump’s name attached and ether joining bitcoin in the mix, this fund—whether you love or hate its origins—could redefine what an ETF can be.