Donald Trump’s Truth Social Files for Dual Bitcoin and Ether ETF
Trump Media and Technology Group has filed with the Securities and Exchange Commission (SEC) to launch a spot Bitcoin and Ethereum exchange-traded fund (ETF). The ETF will directly hold bitcoin and ether, allocating 75% of its capital to bitcoin and the remaining 25% to ether.
Crypto.com, a Singapore-based exchange, will serve as the ETF’s custodian and liquidity provider. This move follows an earlier registration for a standalone spot bitcoin ETF earlier this month. The inclusion of ether in the ETF aligns with the Trump family’s cryptocurrency interests, particularly through World Liberty Financial, a DeFi project backed by the family that holds 96% of its assets on the Ethereum blockchain.
If approved, the fund would join a growing list of crypto ETFs managed by major financial institutions such as BlackRock, Grayscale, Fidelity, and Franklin Templeton. The broader Bitcoin ETF market currently has $131 billion in assets under management.
The filing represents another step in the Trump Media and Technology Group’s expansion into cryptocurrency products, building on their existing Truth Social platform. As the cryptocurrency market continues to evolve, this move positions Truth Social to capitalize on growing investor interest in digital assets.
