In a surprising move that could reshape the digital asset ETF landscape, Truth Social, the social media platform founded by U.S. President Donald Trump, has officially filed to launch a dual Bitcoin and Ethereum ETF.
The Truth Social Bitcoin and Ethereum ETF, B.T., was registered with the U.S. Securities and Exchange Commission (SEC) on June 16, 2025, under filing number 333-*, according to the Form S-1 registration statement. The fund is sponsored by Yorkville America Digital, LLC, based in Mountainside, New Jersey.
This marks the first time Truth Social or any Trump-affiliated venture has directly entered the ETF race. The filing proposes a trust format that would hold both Bitcoin (BTC) and Ethereum (ETH), a dual exposure product that breaks from the usual single-asset structure dominant in the U.S. spot ETF market.
ETF registration
Notably, the registration places the ETF under the Securities Act of 1933, similar to how spot Bitcoin ETFs like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC were filed. However, it’s unclear whether this new vehicle will aim for full spot holdings or operate under a hybrid or futures-backed model.
While details are still limited, the move signals that Truth Social is attempting to pivot beyond social media into financial productization, leveraging the brand’s visibility and user base for capital market initiatives. The ETF appears to be backed operationally and legally by Yorkville America Digital, which has not previously sponsored a crypto ETF.
As of now, the SEC has not commented on the filing. A full prospectus and timeline for potential approval remain pending.
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