2025-12809NoticeWallet

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.

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Key Dates

Published Date
7/10/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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