Trump Media Files for Bitcoin and Ethereum ETFs with SEC

Trump Media & Technology Group (TMTG), the company behind social media platform Truth Social, has filed a proposal with the US Securities and Exchange Commission (SEC) to launch an ETF that tracks the prices of Bitcoin and Ethereum.

According to information we quoted from Beincrypto media, the filing was made through NYSE Arca under the ticker symbol “BT” and aims to provide regular exposure to the two largest crypto assets without the need for direct ownership.

ETF Structure and Management

The proposed ETF will be managed under NYSE Arca Rule 8.201-E and have an initial ratio of 3:1 between Bitcoin and Ethereum holdings, meaning that for every unit of Ethereum, the ETF will hold approximately three units of Bitcoin.

However, the sponsors have the flexibility to adjust this allocation over time. Crypto.com will act as custodian and liquidity provider, while Yorkville America Digital is the sponsor of this ETF.

Approval Process and Potential Impact

Upon filing a Form 19b-4 with the SEC, the review process will begin and could take a minimum of 45 days, with a final decision due on January 29, 2026.

If approved, Truth Social would be the first social media platform to sponsor a Bitcoin and Ethereum ETF, marking a significant step in the integration of social media and crypto investing.