Truth Social Applies for ETH + BTC ETF
Trump's social media company is showing few signs of slowing down as it continues to dive into the crypto space.
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.
Bankless
It’s time to break up with your bank, and join the movement for a better world.
