Trump Media and Technology Group announced on Monday that it has filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC) for its proposed Truth Social Bitcoin and Ethereum ETF.
According to the company’s statement, the ETF would allocate 75% of its assets to Bitcoin and 25% to Ethereum. If approved, shares of the ETF would be listed on NYSE Arca. The filing marks another step in Trump Media’s broader move into digital assets and financial services.
Crypto.com has been designated as the exclusive custodian and prime execution agent for the ETF’s crypto holdings. The platform will also provide staking and liquidity services. Yorkville America Digital will serve as the ETF’s sponsor.
The ETF’s launch remains subject to SEC approval, including the effectiveness of the registration statement and a required Form 19b-4 filing. Trump Media emphasised that shares cannot be sold until the registration statement becomes effective and that the announcement does not constitute an offer to sell securities.
The company, which operates the Truth Social platform, the Truth+ streaming service, and is developing the Truth.Fi financial services brand, stated that the ETF will hold cryptocurrencies directly and seek to track their price performance.
This ETF initiative comes at a time of growing market interest in crypto investment vehicles, following increased regulatory clarity and the recent approval of several Bitcoin ETFs earlier this year.
In related developments, Trump Media recently completed a major funding round, raising approximately $2.44 billion through a private placement with around 50 institutional investors. The funds are intended to support the establishment of a Bitcoin treasury and general corporate growth.
Additionally, the company has filed another registration with the SEC for the Truth Social Bitcoin ETF, B.T., a separate product designed to directly hold Bitcoin and mirror its market performance. Crypto.com will also serve as custodian and liquidity provider for this ETF, pending regulatory approval.
As part of its broader capital strategy, Trump Media has also filed to register nearly 56 million equity shares and approximately 29 million shares tied to convertible notes for resale by investors. The company disclosed that it secured an additional $2.3 billion through debt and equity agreements with about 50 investors.
Separately, Rumble, a video-sharing platform aligned with Trump Media’s audience, announced its participation in the upcoming Bitcoin 2025 conference. Rumble’s CEO is slated to speak on the intersection of free speech and cryptocurrency, reflecting the platform’s broader intent to integrate crypto technologies into its ecosystem.