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Trump’s Truth Social files with SEC for bitcoin-ether ETF Truth Social, the social media platform run by Trump Media & Technology Group, has filed to launch an exchange-traded fund that would track both bitcoin and ether prices. In a Form S-1 submitted Monday, the proposed “Truth Social Bitcoin BTC +1.72% and Ethereum ETH +3.81% ETF, B.T.” said about three-quarters of its assets would be allocated to bitcoin. The sponsor, Yorkville America Digital LLC, may later change that 3-to-1 ratio “in its sole discretion,” according to the prospectus. Any change would be disclosed in a prospectus supplement, SEC filings, or on the fund’s website. Foris DAX Trust Co. LLC is listed as custodian, as it was in the previous crypto ETF filing from Truth Social. Truth Social is the third issuer to pursue a dual bitcoin-ether product, according to SEC records, following filings from Bitwise and Hashdex. Volatility Shares and ProShares also filed for similar products, but tied to futures markets.
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