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.
The cryptocurrency market is experiencing a notable shift in capital flows as Bitcoin’s market dominance has dropped to 61.6%, marking a 2.36% decrease.
Stellar (XLM) is gaining strong bullish momentum, rising over 1.9% in the past 24 hours and 61% in the last day, topping $0.4725.
Ethereum (ETH) is showing renewed strength as it climbs to $3,418.86, posting a 21.33% gain over the past week.
Ethereum has taken center stage in crypto discussions, overtaking Bitcoin in retail FOMO (fear of missing out) just days after BTC’s record-setting rally.