Filed on Monday, the S-1 form proposes the issuance and trading of Truth Social Bitcoin and Ethereum ETF, sponsored by the asset management firm Yorkville America Digital.

The trust seeks to provide investors with exposure to both Bitcoin and Ether by offering shares backed by the crypto assets, removing the complexities stemming from direct investment.

The shares are backed by BTC and ETH held by the custodian on behalf of the trust, Foris DAX Trust Company, doing business as Crypto.com, the prospectus reads.

Ticker and cash custodian to be disclosed

The ETF shares are proposed to be listed on the New York Stock Exchange Arca (NYSE Arca), according to the filing.

While Truth Social has officially determined that Crypto.com will be its dedicated crypto custody provider, the company is yet to finalize the details of the upcoming ETF, such as the fund's ticker and its cash custodian.