DeFI News by Thebittimes.Com

In a surprising move that could reshape the digital asset ETF landscape, Truth Social , the social media platform founded by U.S. President Donald Trump, has officially filed to launch a dual Bitcoin and Ethereum ETF. The Truth Social Bitcoin and Ethereum ETF, B.T., was registered with the U.S. Securities and Exchange Commission (SEC) on June 16, 2025, under filing number 333-*, according to the Form S-1 registration statement. The fund is sponsored by Yorkville America Digital, LLC, based in Mountainside, New Jersey. Truth Social Bitcoin and Ethereum ETF. Source: SEC This marks the first time Truth Social or any Trump-affiliated venture has directly entered the ETF race. The filing proposes a trust format that would hold both  Bitcoin (BTC) and  Ethereum (ETH), a dual exposure product that breaks from the usual single-asset structure dominant in the U.S. spot ETF market. ETF registration Notably, the registration places the ETF under the Securities Act of 1933...

The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain, World Liberty Financial (WLFI) bought about $2 million worth of Avalanche (AVAX) and Mantle (MNT). Avalanche is a layer-1 Ethereum (ETH) rival, while Mantle is a prominent Ethereum layer-2 scaling solution. However, Lookonchain notes that WLFI’s portfolio, which includes more than 11 crypto assets, is losing on every single token, down nearly $120 million in total. “Trump’s World Liberty [Financial] bought 103,911 AVAX ($2 million) and 2.45 million MNT ($2 million)… In total, World Liberty has spent $343 million on 11 different tokens – but every single one is in the red, with a total loss of $118 million!” Source: Lookonchain/X At time of writing, AVAX is trading at $18.35 while MNT is priced at $0.826. Besides privately accumulating digi...