Trump’s Truth Social files S-1 for dual Bitcoin and Ether ETF
Trump’s social media platform, Truth Social, proposed the issuance of a dual-spot Bitcoin and Ether ETF, backed by assets held by Crypto.com.
US President Donald Trump’s social media platform, Truth Social, filed an S-1 form with the US Securities and Exchange Commission to launch a dual exchange-traded fund (ETF) for Bitcoin and Ether.
Filed on Monday, the S-1 form proposes the issuance and trading of Truth Social Bitcoin and Ethereum ETF, sponsored by the asset management firm Yorkville America Digital.
The trust seeks to provide investors with exposure to both Bitcoin (BTC) and Ether (ETH) by offering shares backed by the crypto assets, removing the complexities stemming from direct investment.