16.06.2025 14:10

Truth Social, the social media platform founded by former US President Donald Trump, has made a significant foray into the cryptocurrency market. On June 16th, 2025, the company filed an S-1 registration statement with the US Securities and Exchange Commission (SEC), signaling its intention to launch a Bitcoin and Ethereum exchange-traded fund (ETF).

This bold move represents Truth Social's ambitious expansion beyond its initial role as a political and social media platform. The proposed ETF, tentatively titled "Truth Social Bitcoin and Ethereum ETF" and carrying the ticker symbol "B.T.", aims to provide investors with diversified exposure to both Bitcoin (BTC) and Ethereum (ETH) within a single investment vehicle. This innovative approach is designed to simplify access to the burgeoning cryptocurrency market for a wider range of investors.

Bloomberg ETF analyst James Seyffart broke the news via Twitter, highlighting the unexpected nature of this venture from a social media company. The filing marks a substantial step for Truth Social into the complex world of finance, underscoring a growing trend of mainstream companies recognizing the potential of blockchain technology and digital assets.

By entering the cryptocurrency investment space, Truth Social is not only diversifying its revenue streams but also strategically targeting a younger, tech-savvy demographic increasingly influential in both financial and political landscapes. This strategic move positions Truth Social at the exciting intersection of finance, cryptocurrency, and digital infrastructure. The success of the ETF application, however, remains contingent upon SEC approval. The application itself, obtained from internet sources, showcases Truth Social’s commitment to innovation and its evolving presence in the digital economy.