Welcome to 2025 where the former president is president again. Where memes rule the markets. Where Truth Social, a social network originally conceived as a bastion of free speech, wants to become… a crypto empire.
And not just a crypto empire — an ETF holder of Bitcoin and Ethereum. NYSE Arca, under the wise gaze of Wall Street, has filed an application with the SEC to launch the Truth Social Bitcoin and Ethereum ETF. Ticker? Of course, BT — like 'Big Trump', probably. Or 'Bitcoin Trumped' — whichever you prefer.
ETF from a social network? Yes. From Trump's social network? Even better.
Have you ever visited Truth Social? It's a place where news comes from users, and censorship stays at the door. And now this platform wants to trade Bitcoin and Ethereum. Moreover — not in some Coinbase wallet, but through a regulated ETF, under the watch of the SEC. Yes, the same SEC that a couple of years ago treated crypto like biological weapons.
Well, times are changing.
Composition of Truth ETF:
• 3 parts of Bitcoin
• 1 part of Ethereum
• 100% political audacity
That is, if you want to invest in crypto but don't want to deal with private keys and 'gas fees', — this ETF is for you. Also — if you believe that digital assets should be patriotic. Or at least, fun.
Who is behind this?
• Trump Media & Technology Group (TMTG) — they grant a license to use the brand.
• Crypto.com — stores crypto. Yes, the same exchange that advertised itself with 'Fortune Favors the Brave' (remember?).
• Yorkville America Digital — sponsor. Sounds like the name of a company that brews coffee and writes smart contracts.
SEC is still thinking…
SEC regulators are probably in a panic right now. They have received an application for an ETF that not only contains crypto but also bears Trump's name.
What to do? Approve? Block? Pretend it's a joke?
Time will tell. The SEC has up to 240 days to pretend they are taking this application seriously.
Meanwhile — Trump Media promises to purchase $2.3 billion in BTC...
Exactly. A company that just recently went public decided: why not turn its treasury reserve into digital gold? It's like if CNN suddenly decided to invest everything into Dogecoin. But with less whining.
True, not a single Bitcoin has been bought yet. But that's not what matters. The main thing is the intention.
So… what do we have?
ETF from a social network.
Bitcoin and Ethereum under one roof.
Custodian — Crypto.com.
Licensor — Trump Media.
And, of course, the approval of MAGA spirit and blockchain freedom.
