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crypto.news 2025-06-16 14:17:50

Trump’s Truth Social joins ETF race with dual Bitcoin and Ethereum product

Truth Social’s newly filed ETF aims to simplify crypto investing by bundling BTC and ETH. Sponsored by Yorkville America Digital, could this be the next big ETF approval? On June 16, Truth Social operator, Trump Media and Technology Group Corp., announced that it has filed a registration statement on Form S‑1 with the U.S. Securities and Exchange Commission to launch a dual exchange-traded fund combining Bitcoin ( BTC ) and Ethereum ( ETH ) exposure. The fund, Truth Social Bitcoin and Ethereum ETF, will comprise 75% of assets invested in BTC and 25% in ETH, offering investors a single-ticker way to gain exposure to the two largest cryptocurrencies by market cap. According to the statement, the ETF will be sponsored by Yorkville America Digital and custodied by Crypto.com, which will also handle staking and liquidity services. If approved, shares would debut on NYSE Arca under the ticker B.T., marking a major step in Trump Media’s expansion into financial services. You might also like: Dow, S&P 500, Nasdaq rise as investors bet on Israel-Iran peace deal Why a dual Bitcoin and Ethereum ETF? Truth Social’s decision to bundle into one fund, rather than launching separate products, can be seen as a strategic move betting on market trends and investor psychology. While standalone Bitcoin ETFs have dominated inflows since their January 2024 debut, demand for Ethereum exposure has quietly surged, with institutions eyeing ETH’s staking yields and deflationary tokenomics. With a 75% BTC / 25% ETH split, Truth Social’s B.T. fund will allow investors to benefit from simplified exposure to both “digital gold” and the utility-rich world of Ethereum without juggling separate issuers, custodians, or learning the different mechanics needed to balance the two volatile assets manually. But the subtext is unmistakably political. Unlike BlackRock, WisdomTree, or Fidelity’s vanilla crypto ETFs, the B.T. fund arrives wrapped in the Trump Media ecosystem, tapping into a base that views cryptocurrency as both an investment and a rebellion against traditional finance. Because the B.T. fund is steeped in both Trump branding and post-election optics, its approval process could ignite a highly politicized debate about crypto’s role in regulated markets. Some may champion it as an innovation, while skeptics will accuse it of weaponizing financial products for political gain. Either way, B.T. stands poised to become a litmus test, not just for enabling broader crypto adoption, but for defining how far politics can extend into finance. Read more: Can Hyperliquid rise to $50 in June?

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