Trump Media & Technology Group has joined hands with Yorkville America Digital to push into crypto markets. The two firms filed for a dual Bitcoin and Ethereum ETF with the U.S. Securities and Exchange Commission on June 16, 2025. The new product, named the Truth Social Bitcoin and Ethereum ETF, B.T., seeks approval to trade on NYSE Arca.
The fund will operate as a Nevada business trust. It plans to hold Bitcoin and Ethereum in a fixed 3:1 value ratio. This ratio will change every quarter to reflect market shifts. Yorkville acts as the sponsor. Foris DAX Trust Company, linked to Crypto.com, will serve as the custodian.
Bitcoin ETF gains emerging growth status
The ETF aims to mirror the performance of Bitcoin and Ethereum before fees. It will charge a yearly sponsor fee based on net asset value. Investors can create or redeem share blocks of 10,000 using cash. In-kind redemptions may come later if regulators agree.
The fund received seed capital from a private investor before the filing.
Pricing will use the New York reference rates from CME for both Bitcoin and Ether. Foris DAX will also handle the regular rebalancing of assets. The fund does not allow staking at this time. That may change if legal paths become clearer.
TMTG gave Yorkville the right to use its brand for this venture under a cooperation deal. That agreement helps with marketing. The fund falls under the category of an emerging growth company. This status lowers its burden for certain public disclosures.
TMTG seeks approval for crypto-linked ETF
The filing highlights risks investors should know. These include price swings, unclear rules, possible network forks, and threats from hacks. The ETF does not promise protection from such problems. Although the SEC has eased pressure on some crypto platforms, it has not confirmed when or if it will approve this fund.
The timeline depends on routine agency review and broader market readiness. This move places TMTG into the growing group of firms looking to mix digital assets with public markets.
If approved, the fund could attract both retail and institutional investors. It marks another step toward blending traditional finance with crypto tools, even as questions around regulation remain unresolved.
