On this fine day, June 16, 2025, a filing has been tendered to the U.S. Securities and Exchange Commission (SEC), detailing the audacious plans for the “Truth Social Bitcoin and Ethereum ETF,” which shall henceforth be known by the illustrious ticker B.T. Ah, the irony of truth in a world of digital currency! 😏
In a move that could only be described as both visionary and slightly mad, the fund intends to allocate a staggering 75% of its assets to Bitcoin and a modest 25% to Ethereum. One might wonder if this is a financial strategy or merely a whimsical dance with the market’s capricious nature. 💃
Trump Media, the proud steward of Truth Social, the streaming platform Truth+, and the financial arm Truth.Fi, has declared its foray into the realm of digital assets as part of a grander scheme of financial innovation. One can only hope that this innovation does not involve a magic eight ball! 🎱
Crypto.com: The Unsung Hero of Custodianship
In a twist of fate, the ETF will be safeguarded by none other than Crypto.com, which will also don the hat of the prime execution agent. Not only will they protect the assets, but they will also provide staking and liquidity services. Because who doesn’t want a little liquidity with their crypto? 💧
The launch is anticipated to occur later in 2025, pending the ever-elusive regulatory approval. Should this venture succeed, Trump Media would find itself among the elite few—those high-profile media and tech companies daring enough to offer direct investment vehicles tethered to the whims of Bitcoin and Ether. A true testament to the spirit of modern capitalism! 🤑
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2025-06-16 17:31