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Trump Media is back in the spotlight. This time, it’s not tweets or rallies—it’s crypto.
Truth Social’s Big Crypto Plan
Trump Media’s platform, Truth Social, wants to launch a dual Bitcoin and Ethereum ETF. That means it wants to make it easier for people to invest in Bitcoin and Ethereum—without having to buy or hold the actual coins.
The ETF would trade under the symbol BT on NYSE Arca, a part of the New York Stock Exchange that handles digital stuff. If the SEC (Securities and Exchange Commission) says yes, it could be live in 45 days—or take up to 240 days.
ETF = Exchange-Traded Fund. It tracks assets like stocks or crypto and trades like regular shares.
BTC and ETH, but in a 3:1 Ratio
The ETF will hold three times more Bitcoin than Ethereum. So, it’s heavier on BTC. But this can change if the sponsor wants.
Crypto.com is in charge of keeping the crypto safe (they’re the custodian). They’re also the ones who’ll help buy and sell it quickly (liquidity provider). The sponsor backing the whole show is Yorkville America Digital.
Second Time’s the Charm?
This isn’t Truth Social’s first try. Earlier this month, they filed for a Bitcoin-only ETF. Now they’re back with a combo version.
The company hasn’t bought the $2.3 billion worth of Bitcoin it once teased. Still, this filing proves they’re serious about diving into digital assets.
