- Truth Social files SEC for new crypto ETF.
- Includes Bitcoin, Ethereum, Solana, Cronos, Ripple.
- Potential impact on cryptocurrency market sentiment.
Truth Social, operated by Trump Media & Technology Group, has filed with the U.S. SEC for a new crypto ETF, incorporating Bitcoin and Ethereum. The filing includes prominent entities like Crypto.com and Yorkville America Digital.
Truth Social’s crypto ETF proposal is significant due to its potential impact on market sentiment, highlighting TMTG’s expanding role in the fintech space. Immediate approvals are pending from SEC.
Trump Media & Technology Group’s Initiative
Trump Media & Technology Group has initiated an ETF filing with the SEC, led by high-profile founder Donald Trump. The ETF will include Bitcoin, Ethereum, Solana, Cronos, and Ripple, integrating institutional-level security features.
Key Parties in the ETF Initiative
Key parties in the ETF Initiative include Trump Media, Crypto.com as the custodian, and Yorkville America Digital as the sponsor.
NYSE Arca will host the ETF, awaiting necessary approvals to proceed with its listing.
If approved, the ETF could influence cryptocurrency demand, prompting institutional investors to increase their exposure. Such an interest might also impact market liquidity and enhance attention towards the listed assets.
The application could lead to financial innovations, potentially ushering in more ETFs in the digital asset and blockchain space. Historical trends demonstrate that similar launches can boost market prices for involved cryptocurrencies.
Shannon Devine, Investor Relations, Trump Media & Technology Group, “Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) (‘Trump Media’ or the ‘Company’), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today the filing with the U.S. Securities and Exchange Commission of the initial registration statement…” — Official TMTG press release, 2025-07-08: TMTG Press Release
