On June 24, the New York Stock Exchange Arca took a significant step by filing a proposed rule change with the Securities and Exchange Commission (SEC) to list and trade the Truth Social Bitcoin and Ethereum ETF.
This filing is a key regulatory milestone in the process of bringing this crypto-linked ETF to market. The fund is designed to track the combined price performance of bitcoin and ether, offering investors a diversified exposure to the two largest cryptocurrencies.
The ETF, backed by Yorkville America Digital and custodied by Foris DAX Trust Company, is set to start with a 3:1 ratio of bitcoin to ether. This move follows the recent submission of the ETF prospectus and represents the next phase of the SEC’s approval process.
Truth Social’s parent company, Trump Media & Technology Group, is aggressively expanding its crypto footprint. Alongside this combined Bitcoin-Ethereum ETF, it is also pursuing a bitcoin-only ETF. The company has also announced plans for a $2.32 billion private placement and a $400 million share repurchase program aimed at funding a bitcoin treasury.
If given the green light, these ETFs would mark a significant expansion of regulated crypto investment products available on U.S. exchanges. The filings highlight increasing institutional interest in cryptocurrency and signal Trump Media’s ambitions to become a notable force in the crypto finance sector.
June 2025, Cryptoniteuae