Trump Media & Technology Group has filed a registration statement with the U.S. Securities and Exchange Commission to launch the Truth Society Bitcoin and Ethereum ETF
The ETF will directly accommodate Bitcoin and ether, with an initial distribution of 75% Bitcoin and 25% ether. The fund’s shares will be offered to investors to track the performance of these assets and are expected to trade NYSE ARCA upon approval.
Crypto.com has been selected as the exclusive custodian of ETFs, primarily executive agents, staging and liquidity providers. Yorkville America Digital, LLC is a sponsor of the fund.
According to the company’s announcement, “The Truth Launch of Social Bitcoin and Ethereum ETFs is awaiting a Registration Statement and approved Form 19b-4 submitted to the SEC.”
The fund is structured by a Nevada commercial trust. Stocks will be issued and redeemed by authorized participants in blocks of 10,000 and used in cash for creation and redemption. ETFs may offer physical transactions in the future, awaiting additional regulatory approvals.
Trump media acknowledged: “The registration statement related to the SEC has been submitted to the SEC but is not yet valid. Stocks may not be sold and may be accepted until the registration statement is valid.”
ETFs are not registered under the Investment Companies Act of 1940, which usually controls mutual funds and traditional ETFs by imposing rules on investor protection, disclosure and fund operations. Since the ETF directly holds Bitcoin and Ether instead of securities, it qualifies as a grantor trust and is exempt from these requirements.
The ETF application also reflects Trump Media’s strategy to build existence in the digital asset space beyond social media and streaming. With its financial services division growing Truth.fi, the company is clearly positioning to compete in the growing digital asset space.
If approved, the truth about social ETFs will provide investors with a direct, regulated pathway through a fund. The move demonstrates a clear intention to compete in the field as Trump media expands its business in financial services.
