Truth Social, under Trump Media & Technology Group, officially registered a Bitcoin and Ethereum ETF with the U.S. Securities and Exchange Commission on June 16, 2025, paving the way for potential listing on NYSE Arca.
The Truth Social ETF submission underscores its strategic move into digital assets, leveraging Crypto.com as custodian, as public companies increasingly integrate cryptocurrency into their portfolios.
Truth Social’s Bold ETF Move Targets NYSE Arca
On June 16, 2025, Truth Social, operating under Trump Media & Technology Group, filed for a Bitcoin and Ethereum ETF registration with the SEC. Yorkville America Digital is recognized as the fund sponsor, while Crypto.com is named custodian. The filing signifies a bold maneuver into cryptocurrencies.
The immediate outcome could entail increased mainstream attention to Bitcoin (BTC) and Ethereum (ETH), potentially boosting their market positions. NYSE Arca has been designated as the preferred exchange for listing, pending necessary regulatory clearances.
Industry reactions have been mixed, with no formal public statements from leaders like Arthur Hayes or Vitalik Buterin as of June 16, 2025. Devin Nunes emphasized Trump Media’s aggressive digital finance expansion, highlighting the company’s substantial Bitcoin treasury backing.
“Trump Media’s vision is to aggressively improve our offerings and capabilities, which includes a Bitcoin treasury.” – Devin Nunes, CEO and President, Trump Media & Technology Group
Bitcoin Nears $107K as ETF Filing Sparks Interest
Did you know? After the first spot Bitcoin ETFs were approved in 2024, significant inflows led to notable upward movements in Bitcoin prices, demonstrating the impact of regulatory news on cryptocurrency markets.
As per CoinMarketCap, Bitcoin recently hit $106,777.40 with a market cap just over $2.12 trillion. Daily trading volume reached $42.20 billion, marking a 17.99% increase. Widely dominating with a 63.66% share, Bitcoin’s price rose 1.62% in the last 24 hours.
Coincu research anticipates increased financial support for digital assets should the ETF receive approval. They foresee it potentially setting a precedent for heightened institutional involvement and regulatory breakthroughs in the crypto sector. For ongoing updates visit The Crypto Basic.
