In a bold move that signals growing convergence between traditional finance and digital assets, Trump Media & Technology Group, the operator behind Truth Social, has filed a Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) to list a new ETF on NYSE Arca. The proposed fund — titled the Truth Social Bitcoin and Ethereum ETF — aims to offer investors streamlined exposure to the two leading cryptocurrencies under the ticker symbol B.T.
According to the June 24 filing, the ETF would be composed of 75% Bitcoin and 25% Ethereum, targeting both retail and institutional investors who want access to the spot crypto market through familiar brokerage platforms.
The fund is structured as a commodity-based trust, with Yorkville America Digital listed as the sponsor. Custody for both assets will be handled by Foris DAX Trust Company, a regulated entity responsible for securely storing the digital assets in cold storage.
This latest filing builds on an earlier submission from Trump Media dated June 16, when the company filed a Form S-1, which details the fund’s structure and disclosures required for a potential public offering. While the S-1 focuses on legal and financial transparency, the 19b-4 filing is a critical procedural step toward obtaining regulatory approval to list and trade the ETF on a national securities exchange.
The ETF is designed as a passive investment vehicle, meaning it will not actively trade but will track the market prices of Bitcoin and Ethereum. The filing notes that the fund will rely on benchmark pricing from CME CF indices to calculate its net asset value.
Beyond custody, the operational infrastructure also includes execution and liquidity services to support the fund’s functionality — all tailored to meet the compliance and transparency standards expected from modern financial instruments.
With the 19b-4 now officially submitted, the SEC will begin its review process, which can last up to 240 days, although initial feedback typically arrives within the first 45 days.
Notably, this is Trump Media’s second ETF proposal in less than a month. The first, submitted on June 3, seeks to list a spot Bitcoin-only ETF on NYSE Arca using the same sponsor and custodian. That proposal is still under SEC review, with a final decision expected no later than January 29, 2026, assuming all extension periods are used.
As demand for crypto ETFs continues to rise in the U.S., Trump Media’s dual-fund strategy could significantly increase mainstream investor access to the digital asset market. If approved, the Truth Social ETF may mark a new phase in the evolution of crypto investing — one with both political and financial implications.
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