Truth Social, Trump's Media Company, Seeks Approval for All-in-One ETF Combining Bitcoin and Ethereum
In a bold move that signals the growing mainstream acceptance of cryptocurrencies, Trump Media & Technology Group (TMTG), the parent company of the social media platform Truth Social, has reportedly filed for approval to launch a groundbreaking exchange-traded fund (ETF) that would combine both Bitcoin (BTC) and Ethereum (ETH) into a single investment vehicle. If approved, this would mark one of the first multi-asset crypto ETFs in the United States, offering investors exposure to the two most dominant digital currencies—conveniently packaged in one fund.
A Strategic Pivot into Crypto
The initiative represents a strategic expansion by TMTG into the world of digital finance. While Truth Social was initially envisioned as an alternative social media platform championing free speech, this proposed ETF underscores the company’s ambition to diversify its offerings and tap into one of the fastest-growing asset classes of the 21st century.
According to insiders, the ETF proposal would be designed to mirror the performance of both Bitcoin and Ethereum, two cryptocurrencies that together account for more than 70% of the total crypto market capitalization. The product would likely be a spot ETF, directly tracking the price of the underlying assets, rather than futures contracts, providing investors with more accurate and transparent exposure.
A First-of-Its-Kind: All-in-One Crypto ETF
While the SEC has recently approved several single-asset spot Bitcoin ETFs—such as those by BlackRock, Fidelity, and Ark Invest—a dual-asset ETF combining both BTC and ETH is unprecedented. This approach could appeal to a broader audience, including those seeking a diversified crypto position without managing multiple products.
“This is about accessibility and simplicity,” said a spokesperson close to the matter. “We believe retail and institutional investors alike are looking for easy ways to gain diversified crypto exposure with minimal complexity.”
Regulatory Hurdles Still Ahead
Despite the optimism, approval from the Securities and Exchange Commission (SEC) remains uncertain. The SEC has historically taken a cautious stance on crypto-related products, often citing concerns about market manipulation, investor protection, and custody of digital assets.
However, recent legal victories by Grayscale and the eventual approval of spot Bitcoin ETFs have paved the way for more sophisticated crypto investment vehicles. TMTG’s proposal may be riding that same wave of regulatory softening, though the dual-asset structure could present new challenges for regulators.
Political Implications and Market Reactions
Given that TMTG is directly linked to former President Donald Trump—who has had a complicated history with cryptocurrencies—the move has attracted significant political and media attention. While Trump was once a vocal critic of Bitcoin, recent shifts suggest he may be warming up to digital assets, possibly influenced by the changing financial landscape and evolving voter demographics.
Market reactions have been mixed, with crypto advocates praising the move as a step toward normalization, while skeptics question the motivations behind the ETF and its potential volatility.
Looking Ahead
If the ETF receives regulatory approval, it could set a new precedent in the U.S. investment landscape—blending politics, media, and digital finance in a unique package. More importantly, it reflects the ongoing convergence of traditional institutions and the once-niche world of cryptocurrency.
As the digital asset market continues to mature, products like this could play a key role in shaping the next generation of financial instruments—offering both opportunities and risks that investors will need to navigate carefully.