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.
Michael Saylor, co-founder of the company now called Strategy and one of Bitcoin’s most vocal champions, says the next great migration of wealth will happen on the Bitcoin network.
The altcoin market may be heading into a storm of activity, with technical patterns suggesting a potential shift in momentum.
Bitcoin’s roller-coaster days may be fading, and that shift could push the world’s largest digital asset into more professional portfolios, according to Coatue Management founder Philippe Laffont.
Michael Saylor’s Strategy has just added 10,100 BTC—worth about $1.05 billion—to its balance sheet, lifting the company’s total stash to roughly 592,100 coins.