Trump’s Truth Social Eyes SEC Nod for BTC-ETH ETF Launch

Donald Trump’s Truth Social website has once again made headlines, this time filing with the United States Securities and Exchange Commission (SEC) to list a first-ever dual Bitcoin and Ethereum exchange-traded fund (ETF). The new fund, supported by Yorkville America Digital, aims to give investors exposure to BTC and ETH in a single regulated product—a daring move that comes just months before the 2025 presidential election and when crypto policy just so happens to be a hot campaign issue. In the Dual-Asset ETF Structure Unlike the single-asset ETFs that have dominated U.S. markets since 2024, the Truth Social Bitcoin and Ethereum ETF would allocate 75% of its investments to Bitcoin and 25% to Ether, according to the S-1 filing. The fund’s shares would be directly supported by BTC and ETH held in custody with Foris DAX Trust Company, doing business as Crypto.com. This product aims to simplify access for traditional investors, allowing them to diversify between the two largest cryptocurrencies without having to handle individual products or wallets. The ETF will trade on NYSE Arca, though the final ticker and cash custodian details are not yet known. Truth Social’s filing also indicates that it plans to file further amendments, including a summary of its agency agreement with Crypto.com, which will also be providing trading execution, staking, and liquidity services for the fund. Election-Year Tailwinds and Political Calculus The timing of the filing is not coincidental. Trump Media’s ETF attempt follows the SEC’s approval of a $2.3 billion Bitcoin treasury plan for the firm, and as Trump himself has focused crypto in his campaign messaging. By leveraging the Truth Social brand and user base, the ETF could potentially attract a politically engaged retail group and help to further establish Trump as a crypto-friendly candidate. Analysts add that the ETF’s launch could serve as a rallying point for crypto-friendly voters, especially with the Biden administration coming under criticism for regulatory uncertainty in the space. The move also comes as other issuers, including BlackRock and Fidelity, still dominate the single-asset ETF space, with Truth Social’s dual-asset approach being a differentiation. How It Compares to Single-Asset Funds Most U.S. crypto ETFs are focused exclusively on Bitcoin or, more recently, Ethereum. Truth Social’s product is unique in that it offers both assets under the same roof, which could appeal to investors seeking diversification without the burden of holding multiple funds. While the SEC has already approved several dual-asset ETFs, like the Hashdex Nasdaq Crypto Index US ETF, none have been paired with a high-profile political brand or social media site. The twin structure would also have a tendency to smooth out volatility as Bitcoin and Ether move in tandem but can decouple during periods of market stress or protocol upgrades. The fund’s direct custody model, with Crypto.com as the trusted provider, is designed to provide assurance to investors of asset security—an issue that has dogged some earlier ETF launches. Will the SEC Say Yes? Legal professionals state that the chances of approval are higher than they would’ve been a year ago, due to the SEC’s recent approvals of spot Bitcoin and Ethereum ETFs. Nevertheless, the Truth Social ETF’s prominent political affiliations and twin-asset structure may attract additional attention. Some analysts caution that possible conflicts of interest—due to Trump’s ownership in both the media firm and the ETF sponsor—may be a point of contention during the SEC’s review process. However, the regulatory winds appear to be shifting. The SEC has been willing to approve new crypto products, provided they have robust transparency and surveillance mechanisms in place. The involvement of well-established partners like Yorkville America Digital and Crypto.com could also serve to reinforce the ETF’s bid. “Given the SEC’s recent approvals, a dual Bitcoin-Ether ETF now has a real shot—especially in an election year where crypto is front and center,” — ETF legal analyst, June 2025 What’s Next for Truth Social’s ETF Bid? With the S-1 filed and the NYSE Arca listing application pending, the SEC’s court now has the ball. Barring approval, the Truth Social Bitcoin and Ethereum ETF could launch as soon as Q4 2025 into a growing crypto investment product market. Meanwhile, both investors and political pundits will be monitoring the SEC’s next step—and the potential ripple effects on both the crypto markets and the campaign trail. The Bottom Line Truth Social’s double bid for Bitcoin and Ether ETFs is a gamble that combines political branding with financial innovation. With the SEC ruling, the outcome could set a precedent for both crypto regulation and the intersection of digital assets with U.S. politics.

Source: Coinpaper