Investors cautioned on proposed Truth Social crypto ETF

Novelty value aside, major UK-based financial advisory firm, de Vere is warning investors about jumping into the proposed crypto exchange traded fund (ETF) on the launch pad of US President, Donald Trump’s Truth Social.

de Vere noted that he 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.

It said is issuing a strong warning to investors to exercise caution and seek independent financial advice before engaging with the product.

de Vere Group chief executive, Nigel Green said that while his firm were long-term advocates of Bitcoin, Ethereum and digital assets as a crucial component of modern portfolios it had concerns about the proposed Truth Social offering,

“…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,” he said.

“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.”

deVere warns that the 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,” Green said.

“It doesn’t insulate against poor governance or conflicts of interest. These are the considerations investors need to weigh carefully, with professional guidance.”