Truth Social's Wild Crypto ETF Hits Stock Market
Published Date: 7/10/2025
Notice
Summary
NYSE Arca wants to start trading shares of the Truth Social Bitcoin and Ethereum ETF, a new fund that lets people invest in Bitcoin and Ethereum through the stock market. This change affects investors looking for easy crypto exposure and could start soon after the SEC reviews the proposal. It’s a fresh way to mix social media vibes with crypto investing, potentially shaking up how folks buy digital coins.
Analyzed Economic Effects
5 provisions identified: 4 benefits, 1 costs, 0 mixed.
ETF Lets You Buy Bitcoin & Ether via NYSE
You can buy shares of the Truth Social Bitcoin and Ethereum ETF on NYSE Arca to gain investment exposure to bitcoin and ether through the securities market. Each Share represents a fractional undivided beneficial interest in the Trust's net assets, which consist primarily of bitcoin and ether.
Initial Allocation ~3:1 BTC to ETH
The Trust's allocation of assets is initially expected to approximate a three-to-one ratio of the value of bitcoin to the value of ether. Any change to that allocation ratio requires an amendment to the Trust Agreement and notice to shareholders via a prospectus supplement, Exchange Act reports and/or the Trust's website.
Trust Will Abandon Forks and Airdrops
The Trust will permanently and irrevocably abandon incidental rights and any digital assets (IR Digital Assets) that arise from forks, airdrops, or similar events related to bitcoin or ether, so shareholders will not receive tokens from such events.
Custody Uses Cold Storage and Segregation
The Trust's bitcoin and ether custody is provided by Foris DAX Trust Company and will keep assets in segregated accounts: a Vault Balance (private keys kept in cold storage) and a Trading Balance for execution. The private keys for the Vault Balance are intended to be stored offline to reduce hacking risk.
NAV Valued Using CME CF Benchmarks at 4:00 p.m. ET
The Trust's net asset value (NAV) will be calculated daily using the CME CF Bitcoin Reference Rate—New York Variant and the CME CF Ether Reference Rate—New York Variant as of 4:00 p.m. ET. If a Pricing Benchmark is unavailable or the Sponsor elects not to use it, the Trust may fair value holdings and will notify the Exchange and shareholders.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-06475 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of Amendment No. 1 and Order Granting Accelerated Approval of a Proposed Rule Change, as Modified by Amendment No. 1, To Amend Cboe Rule 5.4
Cboe Exchange is changing the smallest price step for options on its Mini Bitcoin ETF Index to make trading smoother and clearer. This change affects traders using these options and kicks in quickly after approval, with no extra costs involved. The SEC gave this update a fast green light, so expect the new rules to start soon!
2026-06469 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing of Proposed Rule Change To Amend BOX Rules 5055 (FLEX Equity Options) and 3120 (Position Limits)
BOX Exchange wants to update its rules for special options tied to popular Bitcoin and Ethereum ETFs and trusts. These changes affect traders using FLEX equity options and position limits, aiming to keep things fair and clear. The new rules could impact how much traders can hold and trade, with the proposal open for public comments starting April 2026.
2026-06473 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposal To Amend the Exchange's Anti-Internalization Functionality in Equity 4, Rule 3307, and To Extend the Implementation Date of the CORE FIX Order Entry Protocol
Nasdaq PHLX is updating a rule that helps stop trades from accidentally happening within the same firm, which keeps trading costs down. They’re also pushing back the start date for a new order entry system called CORE FIX. These changes affect traders using Nasdaq PHLX and aim to make trading smoother without extra costs, with the new system launch delayed to give everyone more time to get ready.
2026-06462 — Self-Regulatory Organizations; 24X National Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Adopt a Monthly Enterprise Fee for Its Depth of Book Proprietary Market Data Feed
24X National Exchange is starting a new monthly fee for companies using its special market data feed that shows detailed order info. This change affects businesses that rely on this data and kicks in right away, meaning they’ll pay a set monthly charge to access it. It’s a clear move to keep the data service running smoothly and fairly.
2026-06466 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposal To Amend the Exchange's Anti-Internalization Functionality in Equity 4, Rule 4757, and To Extend the Implementation Date of the CORE FIX Order Entry Protocol
Nasdaq is updating a rule that helps stop trades from accidentally happening within the same firm, which keeps trading fair and lowers costs. They’re also pushing back the start date for a new order entry system called CORE FIX to give everyone more time to get ready. These changes affect traders using Nasdaq and aim to make trading smoother without extra fees or delays.
2026-06463 — Joint Industry Plan; Notice of Filing of Amendment No. 1, and Order Instituting Proceedings To Determine Whether To Approve or Disapprove an Amendment to the National Market System Plan Regarding Consolidated Equity Market Data, as Modified by Amendment No. 1, To Adopt a Fee Schedule
Big stock market players like exchanges and trading groups want to start charging fees for sharing important stock data. They updated their plan after hearing feedback, and now the SEC is deciding if these new fees are fair and should go live. If approved, this could change how much it costs to get stock info starting soon.
Previous / Next Documents
Previous: 2025-12808 — Self-Regulatory Organizations; Nasdaq PHLX LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Lower the Options Regulatory Fee (ORF)
Starting August 1, 2025, Nasdaq PHLX is lowering its Options Regulatory Fee from $0.0034 to $0.0024 per contract side. This means traders and firms using Phlx will pay less on each options trade, saving money right away. The change is already approved and effective, so everyone can get ready for the cheaper fees!
Next: 2025-12810 — Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Lower the Options Regulatory Fee (ORF)
Starting August 1, 2025, Nasdaq is lowering the Options Regulatory Fee (ORF) from $0.0014 to $0.0005 per contract side. This change helps traders and firms who use Nasdaq’s options market save money on fees. If you trade or clear options through Nasdaq, this fee drop is good news for your wallet!
Take It Personal
Get Your Personalized Policy View
Start a Free Government Policy Watch to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.
Already have an account? Sign in