Truth Social Bitcoin and Ethereum ETF, B.T.

Truth Social Bitcoin and Ethereum ETF, B.T. (the "Trust") is a Nevada business trust that issues beneficial interests ("Shares") in its net assets. The assets of the Trust consist primarily of bitcoin and ether held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of bitcoin and ether. The Trust's allocation of its assets to bitcoin and ether (the "allocation ratio") will be determined by the Sponsor in its sole discretion but is initially expected to approximate a three-to-one ratio of the value of the bitcoin held by the Trust to the value of the ether held by the Trust. If the Sponsor elects to change the allocation ratio, the Trust will notify Shareholders in a prospectus supplement, in its periodic reports filed pursuant to the requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and/or on the Trust's website. The Trust seeks to reflect such performance before payment of the Trust's expenses and liabilities. Yorkville America Digital, LLC (the "Sponsor") is the sponsor of the Trust;        (the "Trustee") is the trustee of the Trust; Foris DAX Trust Company, LLC (the "Bitcoin and Ether Custodian") is the custodian for the Trust's bitcoin and ether holdings;        is the custodian for the Trust's cash holdings (the "Cash Custodian" and, together with the Bitcoin and Ether Custodian, the "Custodians"); and        is the administrator of the Trust (the "Trust Administrator"). The Trust is not an investment company registered under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), and the Sponsor is not registered with the Securities and Exchange Commission (the "SEC") as an investment adviser and is not subject to regulation by the SEC as such in connection with its activities with respect to the Trust. The Trust is not a commodity pool for purposes of the U.S. Commodity Exchange Act of 1936, as amended (the "Commodity Exchange Act" or the "CEA"), and the Sponsor is not subject to regulation by the U.S. Commodity Futures Trading Commission (the "CFTC") as a commodity pool operator or a commodity trading advisor with respect to the Trust.

The Trust intends to issue Shares on a continuous basis and is registering an indeterminate number of Shares with the SEC in accordance with Rules 456(d) and 457(u). The Trust issues and redeems Shares only in blocks of 10,000 (each, a "Basket") or integral multiples thereof, based on the quantity of bitcoin and ether attributable to each Share (net of any accrued but unpaid remuneration due to the Sponsor (the "Sponsor's Fee") and any accrued but unpaid expenses or liabilities). Only registered broker-dealers that become authorized participants by entering into a contract with the Sponsor ("Authorized Participants") may purchase or redeem Baskets. Shares will be offered to the public from time to time at varying prices that will reflect the price of bitcoin and ether and the trading price of the Shares on New York Stock Exchange Arca, Inc. ("NYSE Arca") at the time of the offer.

The Authorized Participants will deliver only cash to create Shares and will receive only cash when redeeming Shares. In connection with such cash orders, the Trust will create Shares by receiving bitcoin and ether from Foris DAX, Inc. (in such capacity, the "Liquidity Provider"), an affiliate of the Bitcoin and Ether Custodian, and will redeem Shares by delivering bitcoin and ether to the Liquidity Provider. Authorized Participants will not directly or indirectly purchase, hold, deliver or receive bitcoin or ether as part of the creation or redemption process or otherwise direct the Trust or the Liquidity Provider with respect to purchasing, holding, delivering or receiving bitcoin or ether as part of the creation or redemption process. Subject to NYSE Arca receiving the necessary regulatory approval to permit the Trust to create and redeem Baskets in-kind for bitcoin and ether (the "In-Kind Regulatory Approval"), transactions with Authorized Participants may also take place in exchange for bitcoin and ether. The timing of the In-Kind Regulatory Approval is unknown, and there is no guarantee that NYSE Arca will receive the In-Kind Regulatory Approval at any point in the future. If NYSE Arca receives the In-Kind Regulatory Approval and if the Sponsor chooses to allow in-kind creations and redemptions, the Trust will notify the owners of the beneficial interests referred to herein as Shares (the "Shareholders") in a prospectus supplement, in its periodic Exchange Act reports and on the Trust's website. Baskets will be offered continuously at the net asset value per Share ("NAV per Share") for 10,000 Shares.