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Truth Social has filed a proposal with the SEC for a 
Bitcoin and 
Ethereum ETF as it expands its footprint in the crypto sector.
What’s the Scoop?
- Dual Asset ETF Filing: Truth Social's ETF will track both Bitcoin and Ethereum prices, with initial allocations favoring Bitcoin at a 3-to-1 ratio.
- Custody Provider: Foris DAX Trust Co. LLC is named as the custodian, continuing its role from past filings by Truth Social.
- Competition: Truth Social is the third entity to file for this type of product, following Bitwise and Hashdex.
