Trump’s social media platform, Truth Social, has officially 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, has officially 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 June 16, 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 to remove the complexities stemming from direct investment.
