Trump Media and Technology Group is taking another
leap into the digital asset world, filing for a spot exchange-traded fund that
would invest directly in both bitcoin and ether. The move expands on a previous filing for a standalone
bitcoin ETF and aligns with broader crypto activities tied to the Trump family.
According to a registration submitted Monday to the
Securities and Exchange Commission, the ETF would allocate 75% of its holdings
to bitcoin and 25% to ether.
🇺🇸 Truth Social aims for its own Bitcoin and Ethereum ETF: filing submitted to the SECOn June 16, Truth Social, controlled by Trump Media, officially filed with the SEC for an ETF based on Bitcoin and Ethereum. The platform is looking to expand into the digital asset market.… pic.twitter.com/0aU8GW5IPX
— Atlas21 (@Atlas21_news) June 16, 2025
Crypto.com to Offer Custody
Crypto.com, based in Singapore, will reportedly serve
as both the custodian and liquidity provider for the proposed fund. The filing
comes less than two weeks after Trump Media registered a separate bitcoin-only
ETF.
This new dual crypto fund brings ether into the mix, a
decision that may not come as a surprise given the Trump family’s existing
exposure to Ethereum-based assets.
JUST IN: 🇺🇸 President Trump’s Truth Social filed for a Bitcoin ETF 🚀 pic.twitter.com/txxMqKJytu
— Bitcoin Magazine (@BitcoinMagazine) June 3, 2025
Data from Arkham, as reported by Coindesk, shows that
World Liberty Financial, a decentralized finance (DeFi) project backed by the
family, holds 96% of its assets on the Ethereum blockchain.
Joining Crypto Exchange ETFs
The proposed Truth Social ETF would join an
increasingly crowded field of crypto exchange-traded funds if approved.
Existing players like BlackRock, Fidelity, Grayscale, and Franklin Templeton
already manage over $131 billion in bitcoin ETFs alone.
While most of these funds focus on bitcoin
exclusively, the inclusion of ether by DJT could offer a broader exposure
option for investors looking to diversify within the digital asset sector.
🔥 BREAKING: BlackRock is launching a #Bitcoin exchange-traded product in Europe after the success of its $58 billion US ETF, according to Bloomberg report. pic.twitter.com/UH50062wYR
— Cointelegraph (@Cointelegraph) February 5, 2025
The move also reflects the growing mainstream adoption
of digital assets through regulated investment vehicles. With major
institutional players already in the market, the Trump-backed ETF signals that
interest in crypto exposure spans across political and ideological lines.
Still, the proposal faces the same regulatory scrutiny
that has slowed approval processes in the past. The SEC has only recently
started to approve spot bitcoin ETFs, and filings that include ether remain
under close watch.
This article was written by Jared Kirui at www.financemagnates.com.
