Institutional Interest in Bitcoin ETFs Peaks 

According to Foresight News and SoSoValue data, Spot Bitcoin ETFs saw a net inflow of $589 million on June 24 alone. This figure marks the highest inflow in the ongoing 11-day streak of consistent ETF entries. BlackRock’s IBIT fund contributed a major share of this influx. This robust movement reinforces institutional confidence in Bitcoin. The total net asset value of Spot Bitcoin ETFs has now reached approximately $130 billion, accounting for 6.18% of Bitcoin’s total market capitalization. The historical net inflow amount stands at $47.6 billion. 

BlackRock’s IBIT fund alone accounted for $217 million of this inflow. Fidelity’s FBTC product saw $105 million, while the Bitwise ETF recorded a $15 million net inflow. 

More importantly, these types of inflows exert upward pressure on the market. Bitcoin managed to hold above $104,000 in response to this fund flow, indicating that investors are anticipating a new bullish wave. 

Ethereum ETFs Off to a Strong Start 

Ethereum ETFs also attracted significant inflows. On the same day, Spot Ethereum ETFs recorded a total of $71.24 million in net inflows. BlackRock’s ETHA fund stood out with an inflow of approximately $98 million. On the other hand, Fidelity’s FETH fund experienced an outflow of around $27 million. 

According to experts, this data signals a strong start for Ethereum ETFs. Following regulatory approval, Ethereum is expected to attract strong institutional demand, much like Bitcoin. 

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Donald Trump’s social media platform Truth Social’s parent company, Trump Media & Technology Group (TMTG), has taken a concrete step toward the digital asset market. The company filed applications in Nevada for two cryptocurrency exchange-traded funds (ETFs) named “Truth Social Bitcoin ETF” and “Truth Social Ethereum ETF.” Subsequently, on June 5, 2025, these two ETFs were officially registered as “local business trusts.” This registration is considered one of the most fundamental steps required for the funds to operate within a legal framework. 

This move is part of TMTG’s strategy to integrate into the crypto market. The management of the ETFs is handled by Yorkville America Digital, which previously worked with TMTG. 

The main goal is to provide investors with direct access to Bitcoin and Ethereum, making entry into the crypto market easier. All these efforts support the company’s aim to develop digital financial products under the “Truth.Fi” brand. TMTG had previously filed trademarks for similar financial products. 

Trump Enters Crypto Market with Yorkville Partnership 

The partnership with Yorkville America Digital is notable. On June 3, 2025, Yorkville submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) for the listing of the Truth Social Bitcoin ETF on NYSE Arca. This filing proposes a rule change. The SEC must respond within 240 days. 

Additionally, Yorkville also submitted Form S-1, which includes all structural details of the ETF, to the SEC. Contrary to the usual filing order, the S-1 was submitted after Form 19b-4 in this process. Nevertheless, both filings are crucial parts of the regulatory process. 

However, SEC approval is mandatory for these steps to come into effect. U.S. laws require regulatory compliance for ETF products to be traded. At this point, the influence of the Trump family in the crypto market is also taken into account. Trump’s previous memecoin launches and crypto-friendly statements have sparked conflict-of-interest debates. 

In summary, TMTG’s Bitcoin and Ethereum ETF applications mark an important step for the company in the digital economy. Still, the products’ availability to investors will depend on regulatory approvals and market conditions. 

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