According to The Kobeissi Letter, President Trump’s Truth Social has officially filed for a Truth Social Bitcoin and Ethereum ETF. This move signals growing institutional interest in cryptocurrency, particularly BTC and ETH, and could drive significant trading volumes and volatility if approved. Traders should monitor regulatory developments closely, as ETF approval has historically influenced crypto market liquidity and price action (Source: @KobeissiLetter, June 16, 2025).

According to Eric Balchunas, Foris DAX has been identified as the custodian for a new ETF linked to Truth Social, with no management fee or ticker symbol disclosed at this stage. The official S-1 filing is expected soon, which should provide more detailed information about the ETF structure. Notably, the 'Trump' name is absent from the ETF's documentation, even though it is commonly known that Truth Social is owned by Trump Media. For cryptocurrency traders, the emergence of a Truth Social-related ETF, especially with a custodian like Foris DAX, may signal potential future integrations with digital asset markets or related crypto products, raising interest around trading volumes and market sentiment in crypto sectors tied to social media and political figures (source: Eric Balchunas via Twitter, June 3, 2025).