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Updated Jun 25, 2025, 7:25 a.m. Published Jun 25, 2025, 7:05 a.m.
- The New York Stock Exchange has filed for a rule change to list the Truth Social Bitcoin and Ethereum ETF proposed by Trump Media & Technology Group.
- If approved, the ETF would hold bitcoin and ether in a 75:25 ratio, with Crypto.com as the custodian and liquidity provider.
- Trump Media plans to introduce a range of politically branded crypto products, although only the Truth-branded ETFs have been formally filed with the SEC.
U.S. President Donald Trump’s media company is accelerating its crypto play.
The New York Stock Exchange filed for a rule change on Tuesday that would enable it to list the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund
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If approved, the ETF would hold bitcoin
and ether
in a 3:1 ratio and be custodied and executed by Crypto.com, which also serves as the fund’s liquidity provider.
The filing, made under the SEC’s 19b-4 process, marks a key procedural step toward public trading but doesn’t guarantee approval.
It comes less than a month after Trump Media said it would to build its own BTC treasury, though there have been no announced purchases so far.
Beyond the Truth Social ETF filings, Trump Media and Yorkville are planning a full suite of politically branded crypto products, including the America First Bitcoin Fund, the America First Blockchain Leaders Fund, and the America First Stablecoin Income Fund.
Only the Truth-branded ETFs have been formally filed with the SEC so far.
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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
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