Truth Social files to launch a dual Bitcoin and Ethereum ETF, pending SEC approval and NYSE Arca listing - IcoHolder.

Truth Social, the social media platform operated by Trump Media and Technology Group, has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) to list its own Bitcoin and Ethereum ETFs on NYSE Arca. The proposed fund, named the Truth Social Bitcoin and Ethereum ETF (B.T.), plans to directly hold both cryptocurrencies, allocating 75% of its assets to Bitcoin and 25% to Ethereum.

A Unique Dual-Crypto ETF Offering

Pending regulatory approval, the ETF’s shares will be listed and traded on NYSE Arca. While ticker symbols and share pricing details have not yet been disclosed, the ETF aims to provide investors with direct exposure to two of the largest cryptocurrencies through traditional stock market channels, eliminating the need to hold the digital assets themselves. This structure places it among a limited number of funds combining both Bitcoin and Ethereum in a single package.

Crypto.com to Manage Custody and Operations

Crypto.com will serve as the fund’s custodian, overseeing asset storage, trade execution, staking, and liquidity management. This partnership ensures that all operational aspects — from securing the underlying cryptocurrencies to managing buy and sell orders and staking activities — will be handled by a single, trusted crypto platform.

Regulatory Approval and Market Competition Ahead

The next step involves SEC approval of both the S-1 registration and a separate 19b-4 filing proposing the necessary rule changes to facilitate the ETF’s listing. This approval process may extend over several months and carries no guarantee of success. If approved, Truth Social’s ETF will enter a competitive market landscape featuring established players such as BlackRock and Fidelity, which already offer similar cryptocurrency investment products.