Key Highlights
- Trump Media’s crypto ETF seeks NYSE Arca listing, offering combined BTC and ETH exposure
- SEC initiates review of registration, raising questions over political influence and market implications
Paradisers! Just when you thought 2025’s ETF parade had peaked, Trump Media & Technology Group (TMTG) adds a headline-grabber: a dual Bitcoin and Ethereum ETF named the “Truth Social Bitcoin and Ethereum ETF, B.T.” The SEC acknowledged the filing on July 7, kicking off a formal review. Filed on June 16, the fund aims to give retail investors exposure to BTC and ETH, packaged, of course, in red, white, and regulatory risk.
It’s not just crypto. It’s Trump crypto.
The proposed fund, sponsored by Yorkville America Digital, holds a 3:1 ratio of Bitcoin to Ethereum and relies on Crypto.com as its custodian, with cold storage for asset security. Daily pricing is tied to CME’s reference rates, while shares will be issued in baskets of 10,000 on NYSE Arca, bringing institutional mechanics to a retail-accessible product.
SEC Begins the Vetting, And the Politics Are Unmistakable
The SEC’s review can take anywhere between 45 to 240 days. On the surface, this looks like another well-structured ETF, with a CME surveillance agreement in place, NAV transparency, and familiar institutional players. But analysts are whispering what we’re all thinking: “Will Trump’s name complicate approval?”
This isn’t paranoia; it’s pattern recognition. The SEC doesn’t just look at what’s in your wallet, it looks at who’s holding it. And with a $2.3 billion Bitcoin treasury, a $2.5 billion capital raise, and an election-fueled narrative behind it, this ETF could be as much about politics as price action.
Truth Social’s ETF Could Be a Trojan Horse for Mass Adoption
If approved, the fund will become one of the first to offer combined exposure to Bitcoin and Ethereum. That alone would be a win for crypto accessibility. But its branding, built on Truth Social’s user base, may also attract a less-traditional investor demographic, potentially injecting a new wave of capital into digital assets.
Will it revolutionize crypto investing or be remembered as the ETF that turned portfolio management into a campaign slogan? That, dear reader, may depend on how the SEC balances its rulebook with the rising noise from Washington.
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Trump’s Truth Social just filed a Bitcoin & Ethereum ETF, and the SEC is watching closely. When politics enters the ETF arena, volatility follows. Is your crypto strategy ready for the fund that could double as a campaign weapon?
