Trump Media & Technology Group, which owns Truth Social, has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) for a dual Bitcoin and Ether exchange – traded fund (ETF).
The company’s move comes as part of its broader strategy to expand into the financial sector. In February 2025, Trump Media announced its plan to launch several ETFs, including those related to Bitcoin and other areas such as manufacturing and energy. The application for the dual – cryptocurrency ETF shows the company’s growing interest in the cryptocurrency space.
The filing of the S – 1 is a significant step in the process of bringing the ETF to market. It provides detailed information about the fund to the SEC for review and is a prerequisite for the ETF to be approved for trading. If approved, the ETF would offer investors a convenient way to gain exposure to both Bitcoin and Ether, the two largest cryptocurrencies by market capitalization.
This development also reflects the changing attitude of the Trump administration towards cryptocurrencies. After initially being critical of cryptocurrencies, Trump has become increasingly supportive in recent years, promoting policies to support the development of the cryptocurrency industry and even considering the inclusion of Bitcoin and Ether in the US cryptocurrency strategic reserve.
However, the approval of the ETF is still subject to the SEC’s review and decision. The SEC has been cautious in approving cryptocurrency – related products, and it remains to be seen whether the dual Bitcoin and Ether ETF filed by Trump’s Truth Social will be successfully approved.
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