WASHINGTON, D. C. - President Donald Trump’s Truth Social shocked many by filing an application with the U. S. Securities and Exchange Commission (SEC) to create a Bitcoin and Ethereum Exchange Traded Fund (ETF). This move indicates the company’s determination to take a piece of the ever-growing digital asset investment market.
As per the
papers presented to the SEC, the ETF is planned to enable both types of
investors, that is, institutional and retail, to have controlled access towards
Bitcoin (BTC) and Ethereum (ETH), but not in a way that they will directly own
such cryptocurrencies. The fund will be under the management of Truth Capital, which is
a recently established investment wing by Trump Media & Technology Group
(TMTG), the mother company of Truth Social.
A Bold Move Into Digital
Finance
The proposed ETF
is designed to monitor changes in prices of Bitcoin and Ethereum using a
custodial model that depends on some leading U. S.-regulated crypto companies.
Some experts believe this move signifies one of the initial efforts made by a
politically affiliated entity to enter into federal regulation level within the digital asset sector.
In their
statement, executives at Truth Social referred to the filing of the ETF as “a
historical milestone towards economic liberty and technological advancement.”
The company’s spokesperson added that this ETF is meant to offer Americans a
secure, transparent, and lawful means through which they can access the top two
cryptocurrencies in terms of market capitalization.
Approval of the
Truth Bitcoin and Ethereum ETF would see it become one among many other similar
digital asset funds, which are looking for SEC approval after the triumph
experienced by Bitcoin spot ETFs in the recent past. It has been projected by
analysts that with its entry, Truth Social could enhance even more widespread
adoption and drive traditional investors towards crypto-based products.
Trump’s Evolving Stance on
Crypto
This move
signifies a change in position regarding cryptocurrencies by Donald Trump.
Throughout his term as president, Trump voiced doubt concerning Bitcoin, which
he referred to as a “menace against the U. S. dollar.” Nevertheless, since his
exit from office, he has openly supported blockchain technology and called for
innovation in digital finance.
To his
supporters, the filing of this ETF is seen as part of his “America First”
economic policy with focus on digital independence and growth driven by
blockchain technology.
What Comes Next
It is
anticipated that the SEC will go through the application over the next few
weeks before making a decision, probably towards the end of 2026, as suggested by
analysts. In case it gets approved, the Truth ETF may witness massive inflows
coming from retail investors, conservative funds, and those institutions
that are curious about cryptocurrencies.
By doing so,
there emerges a new era where politics intertwine with crypto finance, thereby
positioning Truth Social not only as a social platform but also as an emerging
entity within the American financial innovation landscape.
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