- Truth Social filed to launch a dual BTC and ETH ETF, backed by Crypto.com and listed on NYSE Arca.
- SEC recently approved Trump Media’s $2.3B Bitcoin treasury registration, though no securities will be issued yet.
- CoinShares filed a Solana ETF proposal, making it the eighth such filing under SEC consideration.
Trump’s social platform, Truth Social, has officially filed an S-1 form with the U.S. SEC to launch a dual Bitcoin and Ethereum ETF. This proposed fund, backed by Yorkville America Digital, aims to offer simplified crypto exposure through shares supported by BTC and ETH held by Crypto.com. The ETF is expected to list on NYSE Arca, though key details like its ticker and cash custodian remain undecided.
SEC Clears Trump Media’s Bitcoin Treasury Deal
This ETF filing follows a green light from the SEC on Trump Media’s $2.3 billion Bitcoin treasury registration. Although the company currently has “no immediate plans” to issue any securities under the approval, it signals growing institutional appetite for crypto assets. Truth Social also mentioned it will amend the filing with more details on its deal with Crypto.com.
CoinShares Joins the Solana ETF Race
On the same day, CoinShares filed its own S-1 form—this time for a Solana spot ETF.
Already managing a Solana ETP in Europe, CoinShares aims to expand its product into the U.S. market. The filing joins seven others under SEC review, including proposals from Fidelity, Franklin Templeton, Grayscale, and VanEck. While optimism builds, experts believe an approval is unlikely in the very near term.
