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Blockchain Technology

Truth Social files for a Bitcoin and Ethereum ETF – CoinJournal

Last updated: June 16, 2025 8:16 pm
Published: 10 months ago
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The move marks Truth Social’s bold entry into digital finance.

Truth Social has officially entered the cryptocurrency investment space, pursuing a Bitcoin and Ethereum ETF.

According to a tweet by Bloomberg ETF analyst James Seyffart, the social media platform backed by US President Donald Trump on June 16, 2025, filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch a new cryptocurrency exchange-traded fund (ETF).

The ETF, named the Truth Social Bitcoin and Ethereum ETF and carrying the proposed ticker “B.T.,” seeks to combine exposure to both Bitcoin and Ethereum in a single investment product.

This filing marks Truth Social’s most significant step yet into the financial sector, underscoring a growing interest in blockchain technology and digital assets.

Although the platform initially launched as a political and social media outlet, it has increasingly expanded its focus to align with digital innovation trends.

Now, with this ETF filing, the company appears to be positioning itself as a serious player in the intersection of finance, crypto, and digital infrastructure.

Notably, the move not only signals Truth Social’s intent to diversify but also reflects a broader trend of mainstream platforms entering the digital asset space.

In addition, venturing into the crypto space, Truth Social may be seeking to appeal to a younger and more tech-savvy demographic that is increasingly influential in both markets and politics.

The proposed ETF will offer investors exposure to the two largest cryptocurrencies, Bitcoin and Ethereum, within a single investment vehicle.

Unlike many previous ETF attempts that focused on only one asset, this dual-exposure structure may appeal to investors looking for a more diversified entry point into the digital currency market.

Sponsored by Yorkville America Digital, LLC, the fund is expected to track the market performance of both BTC and ETH, though full details will depend on the SEC’s approval process.

With crypto markets maturing and regulatory clarity slowly improving, the Truth Social Bitcoin and Ethereum ETF, if greenlit, would provide traditional investors with a regulated way to gain crypto exposure without needing to directly hold or manage the digital assets themselves.

That level of accessibility could broaden crypto adoption among risk-averse or institutionally focused market participants.

While SEC approval is never guaranteed, the application adds momentum to the growing wave of crypto-related financial products being proposed in the United States.

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