Trump Media & Technology Group has filed an S-1 form with the SEC to create a combined Bitcoin (75%) and Ethereum (25%) spot ETF, held directly and not through derivative products.
This project embodies a strategic alignment between Trump’s political and financial interests, notably through the World Liberty Financial fund, 96% of which is in Ethereum.
The initiative aims to compete with Wall Street giants like BlackRock or Grayscale, while enhancing Trump’s image as a crypto-friendly president.
Trump Files S-1 for Bitcoin and Ethereum ETF
Already a president and now a crypto conqueror, Donald Trump continues to anchor digital assets in his political project. This time, it is through his social media Truth Social that he strikes: a combined Bitcoin + Ethereum spot ETF has just been officially filed with the SEC.
A 100% Trump, 100% Crypto Fund
Trump Media & Technology Group (DJT) has filed an S-1 to launch a hybrid spot ETF, allocating 75% to Bitcoin, 25% to Ethereum. In practice: the fund will directly hold the crypto, not derivative products.
Crypto.com, a giant in the ecosystem based in Singapore, will handle the asset custody and liquidity of the fund. This same group had already started the process for a Bitcoin-only ETF, but this one surpasses it in ambition.
The Direct Link to the Trump Family’s Financial Interests
This filing is not just an economic initiative. It embodies a total alignment strategy between politics, media, and cryptos. The World Liberty Financial project, supported by the Trump family, is massively exposed to Ethereum: 96% of its assets are on this blockchain, according to Arkham.
Including ETH in the ETF then becomes obvious: Trump capitalizes on his own exposure while legitimizing his role as a crypto-innovation-friendly head of state.
Goal: Compete with Wall Street on Its Own Turf
Since the approval of spot ETFs in early 2024, the market has exploded. Giants like BlackRock, Fidelity, or Grayscale dominate the game, with over $131 billion in assets under management just for Bitcoin ETFs.
Trump is taking on this stronghold. Not just as an economic actor, but as a sitting president committed to making the United States a leader in digital assets. The media and symbolic impact is massive.
A Political as Much as Financial Maneuver
This Truth Social fund is not like any other financial product: it crystallizes a presidential vision of a future where cryptos, decentralized finance, and economic patriotism intersect.
With this spotlight, Trump strengthens his image as a pro-Bitcoin and now pro-Ethereum president, in stark contrast to the previous administration, which was more hostile to these innovations.
