Truth Social, Donald Trump’s social-media platform, has quietly lodged paperwork for a fund that would hold both Bitcoin and Ethereum—marking the first time a Trump-linked business has ventured into the U.S. crypto-ETF arena.
A June 16 S-1 filing shows the “Truth Social Bitcoin and Ethereum ETF” would be organized as a trust and sponsored by Yorkville America Digital LLC of New Jersey.
Unlike the single-asset spot products already trading in the United States, this ETF would give investors simultaneous exposure to the two largest cryptocurrencies.
The registration falls under the Securities Act of 1933, the same route used by BlackRock’s IBIT and Fidelity’s FBTC, yet the filing leaves key questions unanswered: Will the trust hold actual coins, rely on futures, or pursue a blended structure?
[readnire id=”160161″]Yorkville America Digital has no prior track record in digital-asset funds, and the SEC has not commented on the submission.
If approved, the product would signal Truth Social’s expansion beyond its core media business and could reshape competition in a market that has so far been dominated by pure-play Bitcoin vehicles. A formal prospectus and review timeline are still to come.
El Salvador is still buying Bitcoin in spite of a $1.4 billion International Monetary Fund package that was meant to curb further government accumulation.
Purpose Investments has received the green light to launch Canada’s first spot XRP ETF, with trading set to begin on June 18.
The U.S. Securities and Exchange Commission has extended its review of Franklin Templeton’s proposed spot Ethereum ETF, which includes a staking component—adding to the growing list of delayed rulings on crypto-related funds.
Metaplanet has become the world’s seventh-largest corporate owner of Bitcoin after adding another 1,112 coins to its treasury on Monday.