25.06.2025 00:54

Truth Social, the social media platform founded by Donald Trump, has submitted applications to the New York Stock Exchange (NYSE) for exchange-traded funds (ETFs) tracking both Bitcoin and Ethereum. This ambitious move signifies a significant step for the platform, potentially broadening its appeal beyond its core user base and entering the burgeoning cryptocurrency investment market.

The NYSE, a major player in global finance, is now reviewing Truth Social's proposals. Should these applications be approved, investors could gain exposure to the world's two largest cryptocurrencies through a regulated and easily accessible vehicle, significantly impacting the accessibility of these assets to a broader range of investors. This development underscores Truth Social's strategic diversification beyond its social media operations.

While the exact details of the proposed ETFs remain undisclosed, their potential approval could represent a watershed moment for the integration of cryptocurrencies into mainstream finance. This move by Truth Social, however, also carries substantial risk, given the inherent volatility associated with Bitcoin and Ethereum. The success of these ETF applications hinges on regulatory approval and the sustained market interest in these digital assets. The future of this endeavor remains uncertain but holds the potential for considerable impact on the crypto and finance landscapes. Sources from internet resources confirmed the filing.