Truth Social ETF Filing Flags Litecoin’s ‘Ill Will’ to Bitcoin

Trump Media and Technology Group, the company behind Truth Social, has filed for its proposed Bitcoin and Ethereum ETFs and the filing is drawing attention for an unexpected reference to Litecoin. 

On page 37, the document warns that some digital asset networks, including Litecoin, may show hostility toward the Bitcoin network.

The filing states: “Litecoin is the result of a hard fork of Bitcoin. Some users of the Bitcoin Network may harbor ill will toward the Litecoin Network, and vice versa. These users may attempt to negatively impact the use or adoption of the Bitcoin Network.”

Source: SEC

Mentioning Litecoin, one of the longest-running and most trusted cryptocurrencies, has left many in the crypto community confused and questioning why it was singled out. 

Many argue the claim overlooks Litecoin’s decade-long track record of supporting blockchain development, including the early adoption of upgrades like SegWit and the Lightning Network.

While the filing classifies Litecoin as a “hard fork,” developers often clarify it’s a source-code fork with no shared chain history. More importantly, Litecoin supporters have historically been Bitcoin advocates, not adversaries.

Legal analysts say such language in ETF filings must reflect risk disclosures, but the singling out of Litecoin could suggest a lack of deeper understanding of crypto network dynamics.

Truth Social’s ETF is still waiting for the SEC’s green light, but it’s already drawing attention, not just for its potential market impact but also for how it represents the crypto world. Many will be watching to see if Litecoin is mentioned in future versions of the filing.