In a notable development that combines politics and financial technology, Trump Media & Technology Group, the owner of the Truth Social platform, announced that it has submitted an official application to the U.S. Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) that integrates Bitcoin and Ethereum into a single product.
The new fund, named Truth Social Bitcoin and Ethereum ETF, aims to provide a simplified investment opportunity for investors through a single product traded under the symbol “B.T.”, allocating 75% of its assets to Bitcoin and 25% to Ethereum — the two largest cryptocurrencies by market capitalization.
The fund will be managed by Yorkville America Digital, while the Crypto.com platform will take on custody responsibilities, in addition to providing liquidity and staking services, making this product one of the most integrated funds in terms of technology and logistics.
This step carries political dimensions in addition to its investment goals, as this initiative is the first financial project of its size bearing the mark of former U.S. President Donald Trump, which could ignite widespread debate about the politicization of digital investment tools and their role in the upcoming phase of financial regulations.
Analysts see the fund as a double test: on one hand, for the feasibility of integrating major digital assets into a single product; and on the other hand, for the ability of the Trump brand to influence the volatile crypto sector.
