Truth Social Introduces Innovative Bitcoin-Ethereum ETF

In a bold move for digital asset investment, Truth Social has announced the launch of the Truth Social Bitcoin and Ethereum ETF (BT). This Nevada-based trust, as revealed in a recent SEC filing, is set to hold a combination of Bitcoin and Ethereum, marking a significant step forward in cryptocurrency investment opportunities.

Investment Structure and Details

Sponsored by Yorkville America Digital, LLC, the Trust adopts an initial asset allocation ratio of three-to-one in favor of Bitcoin over Ethereum. The shares, exclusively issued and redeemed in blocks of 10,000 via authorized participants, will initially facilitate cash-based transactions. Foris DAX, Inc. has been appointed as the liquidity provider, ensuring smooth operation and accessibility for investors.

Public Offering and Pricing

The shares will be periodically offered to the public, with prices fluctuating to mirror the current values of Bitcoin and Ethereum, alongside the trading price of the Shares on NYSE Arca. This dynamic pricing strategy aims to offer investors a transparent and fair opportunity to engage with the burgeoning digital asset market.