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Donald Trump's Truth Social Files for Dual Bitcoin and Ether ETF
The move follows registration for a standalone Truth Social bitcoin ETF earlier this month.
Jun 16, 2025, 1:55 p.m.
What to know:
- Trump Media and Technology Group filed an S-1 with the SEC to launch a spot Bitcoin and Ethereum ETF, allocating 75% to bitcoin and 25% to ether.
- Crypto.com will serve as the ETF’s custodian and liquidity provider.
- The move aligns with the Trump family's crypto interests as World Liberty Financial is heavily focused on Ethereum.
Trump Media and Technology Group (DJT) has filed to list a Truth Social Bitcoin and Ethereum exchange traded fund (ETF) on Monday.
The ETF will hold bitcoin and ether directly with 75% of capital being allocated to bitcoin and the remaining 25% to ether, according to a filing with the Securities and Exchange Commission (SEC).
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Singapore-based exchange Crypto.com will act as the ETF's custodian as well as taking and liquidity provider. Trump Media and Technology Group signaled its intent of issuing an ETF earlier this month as it made a standalone registration for a spot bitcoin ETF.
The inclusion of ether is in-keeping with the Trump family's crypto activity; World Liberty Financial, the DeFi project backed by the family, holds 96% of it assets on the Ethereum blockchain, Arkham data shows.
If approved the fund would join a long list of crypto ETFs including those managed by BlackRock, Grayscale, Fidelity and Franklin Templeton. Bitcoin ETFs alone have $131 billion in assets under management.
Read more: Trump’s Truth Social Takes Next Step in Launching Spot Bitcoin ETF
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