The proposed fund, the Truth Social Bitcoin and Ethereum ETF (ticker: B.T.), sponsored by Yorkville America Digital, LLC, would be the first attempt by a politically affiliated platform to offer a spot ETF with combined exposure to both Bitcoin and Ethereum.

The new ETF will allocate  75% to Bitcoin and 25% to Ether. Crypto.com will serve as the ETF’s custodian and liquidity provider. The move aligns with the Trump family’s crypto interests as World Liberty Financial is heavily focused on Ethereum.

World Liberty Financial itself is a decentralized finance protocol and cryptocurrency company founded in 2024. It has been noted for directly advertising its connection with Donald Trump and his family.

How risky is Truth Social Bitcoin & Ethereum?

Wealth managers have been cautioning  investors and urging them to seek independent financial advice before engaging with this product.

Nigel Green, CEO of deVere Group, comments: “We’re long-term advocates of Bitcoin, Ethereum, and digital assets. We believe they are a crucial component of modern portfolios. But this filing is not just another step forward for crypto adoption, it’s an entry point that raises serious questions about alignment, influence, and investor risk.”

When a politically connected media platform attempts to issue a financial product tied to volatile, high-profile assets, investors must scrutinize everything from the structure to the motive. The unprecedented convergence of politics and finance in this way could create an illusion of safety or legitimacy, particularly for retail investors.

Being SEC-filed doesn’t automatically mean a product is in an investor’s best interests, nor does it insulate against poor governance or conflicts of interest. These are the considerations investors need to weigh carefully, with professional guidance.

Ask hard questions about new crypto products

The renewed appetite for crypto exposure is intensifying, especially following the previous approval of spot Bitcoin ETFs. The dual-asset proposal from Truth Social arrives at a moment of renewed enthusiasm.

While many wealth managers are becoming more supportive of the development of well-regulated digital asset investment vehicles and are encouraging innovation that promotes access, security, and transparency, they remain cautious about Trump’s own role in promoting digital investment schemes of his own, while in the White House.

“This fund filing will generate excitement. But excitement is not a strategy,” Green added. “We urge investors: ask the hard questions, understand the mechanics, and consult advisors who are not part of the hype cycle.”