Trump Media files application with SEC for Bitcoin as well as Ethereum ETF

Published: 2025-06-19 05:01:16 ET DJT

Published on 06/19/2025 at 05:01, updated on 06/19/2025 at 05:02

Trump Media & Technology Group, the parent company of Donald Trump's Truth Social, has filed an application with the US stock market watchdog SEC to launch two new crypto funds. They are a bitcoin ETF and a combined bitcoin and Ethereum ETF.

The funds would be traded through NYSE Arca, but have yet to receive regulatory approval. The combined ETF would invest about 75 percent in Bitcoin and 25 percent in Ethereum, based on a ratio of three Bitcoin for every one Ethereum.

The move comes at a time when the market for Bitcoin ETFs is already heavily saturated, with dozens of funds competing for investors. Major players such as BlackRock now manage billions in assets in this segment. Analysts argue that new entrants need to differentiate themselves, for example through lower management fees or by establishing a strong brand.

In the case of Trump Media, the brand name "Truth Social" could help appeal to a specific target audience. The fund's fee structure has not yet been disclosed.