Trump's Truth Social Calls for Dual Bitcoin and Ethereum ETF, Bloomberg Analyst Says

Truth Social, a social media platform linked to former President Donald Trump, has filed with the SEC to launch a dual ETF that offers direct exposure to both Bitcoin and Ethereum, Bloomberg Intelligence analyst James Seyffart reported on his X (formerly Twitter) account.

The new application represents an improvement over the previous application, which targeted only a Bitcoin ETF. The current proposal covers the two largest cryptocurrencies by market value, signaling a strategy to diversify the offering and appeal to a wider audience of investors interested in digital assets.

NEW: Trump's Truth Social has filed for a dual Bitcoin & Ethereum ETF. pic.twitter.com/a5iZtrtUyk

—James Seyffart (@JSeyff) June 16, 2025

The fund has been filed via an S-1 form, the initial step in the regulatory approval process. If approved, the ETF will allow investors to trade stocks representing a basket of Bitcoin and Ethereum, with liquidity in the traditional stock market.

The move comes at a time when the American financial market is becoming more open to investment products focused on cryptocurrencies. Since the approval of the first Bitcoin ETFs in the United States, interest in similar instruments linked to other digital currencies, such as Ethereum, has grown considerably.

Truth Social, which has been expanding its financial initiatives, had already shown interest in digital assets by adopting strategies to build corporate reserves in Bitcoin. Now, with the new dual ETF application, the company reinforces its positioning in the crypto sector.

The SEC’s review process could take months and include a series of reviews, inquiries and public consultations. During that time, experts expect the market to closely monitor the decision, as the ETF decision could influence other similar applications from funds that intend to include multiple cryptocurrencies under a single investment product.