Trump Media Files for New Combined Bitcoin-Ethereum ETF
- The Truth Social Bitcoin and Ethereum ETF filed with SEC Monday.
- The combined fund would hold both Bitcoin and Ethereum in a 3-to-1 ratio.
- The filing expands Trump Media's crypto strategy beyond its Bitcoin-only fund.
Trump Media and Technology Group Corp. (DJT) filed for a combined Bitcoin and Ethereum exchange-traded fund Monday, according to a Securities and Exchange Commission filing.
The Truth Social Bitcoin and Ethereum ETF would track both digital assets with an initial allocation of three-to-one Bitcoin to Ethereum by value, according to the filing. This represents an expansion of the company's crypto ETF strategy beyond its Bitcoin-only fund filed earlier this month.
Read More: NYSE Files to List New Trump Media Bitcoin ETF
The dual-asset ETF filing comes as Bitcoin trades around $107,850, up 4.8% over the past month, while Ethereum sits at about $2,640, up 6.7% over the same period, according to CoinMarketCap data. The combined fund structure differentiates Trump Media's approach from the single-asset crypto ETFs that dominate the market.
Yorkville America Digital would sponsor the Nevada business trust, with Foris DAX Trust Company handling Bitcoin and Ethereum custody, according to the filing.
The combined ETF would issue shares in baskets of 10,000 units through authorized participants, according to the filing. The trust would rebalance quarterly to maintain the three-to-one Bitcoin-to-Ethereum allocation ratio.
Truth Social Bitcoin and Ethereum Strategy
Trump Media's crypto ETF expansion builds on the company's broader digital asset strategy launched in May. The company announced a $2.5 billion fundraise from institutional investors to create one of the largest Bitcoin treasury allocations by a public company, according to previous filings.
The dual-asset approach targets investors seeking exposure to both leading cryptocurrencies through a single fund structure, according to the prospectus. Traditional crypto ETFs typically focus on individual digital assets rather than combined holdings.
The filing comes as Trump Media expands its financial services push beyond social media. The company previously filed trademark applications for three exchange-traded funds under its Truth.Fi brand, including the Truth.Fi Made in America ETF, the Truth.Fi U.S. Energy Independence ETF and the Truth.Fi Bitcoin Plus ETF.
The company plans to invest up to $250 million of its own reserves into these ETF products through Charles Schwab Corp. (SCHW) as custodian, according to previous filings. The proposed funds would combine digital assets with securities from American companies across multiple sectors.
