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NYSE Arca has filed with the SEC to list the Truth Social Bitcoin and Ethereum ETF, ticker BT, offering investors regulated exposure to top cryptocurrencies.
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The ETF aims to track Bitcoin and Ethereum prices, enabling investors to benefit from these assets without direct ownership or managing wallets.
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According to COINOTAG, Crypto.com will serve as custodian and liquidity provider, while Yorkville America sponsors the ETF, highlighting strong institutional backing.
NYSE Arca’s Truth Social Bitcoin and Ethereum ETF (BT) seeks to provide regulated crypto exposure, backed by Crypto.com and Yorkville America, pending SEC approval.
NYSE Arca Proposes Truth Social Bitcoin and Ethereum ETF to SEC
NYSE Arca, the electronic trading platform of the New York Stock Exchange, has formally submitted a 19b-4 rule change proposal to the US Securities and Exchange Commission (SEC) to list and trade shares of the Truth Social Bitcoin and Ethereum ETF, under the ticker symbol BT. This ETF is designed to track the price movements of Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization, providing investors with a regulated and simplified method to gain exposure to these digital assets without the complexities of direct ownership.
The filing, which follows a recent Form S-1 registration statement, details that the ETF will initially maintain a 3:1 ratio of Bitcoin to Ethereum holdings, allowing for a strategic allocation that reflects market dynamics. The sponsor retains the flexibility to adjust this ratio, ensuring the ETF can adapt to evolving market conditions. This structure is particularly attractive for investors seeking diversified crypto exposure within a single product.
Custody and Sponsorship: Institutional Support Enhances Credibility
Institutional involvement is a key factor in the ETF’s potential success. Crypto.com has been appointed as the custodian, prime execution agent, and liquidity provider, leveraging its established infrastructure to ensure secure asset management and efficient trading. Yorkville America Digital acts as the ETF’s sponsor, bringing financial expertise and regulatory experience to the product. Additionally, Trump Media and Technology Group Corp, the operator of the Truth Social platform, is the licensor of the ETF, marking a strategic diversification beyond its social media origins.
Regulatory Timeline and Market Implications
The SEC’s review process for the 19b-4 filing will commence once the proposal is published in the Federal Register. This process typically spans 45 to 240 days, during which the SEC evaluates compliance with securities laws and investor protection standards. The timeline underscores the regulatory scrutiny that cryptocurrency-related ETFs face, reflecting the SEC’s cautious approach to digital asset products.
This filing follows a recent submission for a Bitcoin-only Truth Social ETF, indicating an aggressive expansion strategy by Trump Media into the crypto investment space. Notably, the SEC has until January 29, 2026, to decide on the Bitcoin-only ETF, suggesting a potentially extended regulatory review period for these innovative products.
Strategic Significance for Truth Social and Crypto Markets
Trump Media’s announcement in May to acquire $2.3 billion in Bitcoin for its treasury, although not yet executed, signals a strong commitment to integrating digital assets into its corporate strategy. The launch of the Truth Social Bitcoin and Ethereum ETF aligns with this vision, offering retail and institutional investors a regulated vehicle to participate in the crypto market. This move could enhance market liquidity and broaden crypto adoption by bridging traditional finance and digital assets.
Conclusion
The proposed Truth Social Bitcoin and Ethereum ETF represents a significant step in the evolution of crypto investment products, combining institutional oversight with innovative asset allocation. Pending SEC approval, this ETF could provide investors with a streamlined, regulated pathway to access Bitcoin and Ethereum exposure, reducing the operational complexities associated with direct cryptocurrency ownership. As regulatory clarity advances, market participants should monitor developments closely, as this ETF may set a precedent for future crypto-linked financial instruments.
