Trump Media Proposes ETF Tracking Bitcoin and Ethereum

NYSE Moves Toward New Crypto ETF

The New York Stock Exchange has submitted a proposed rule change to the U.S. Securities and Exchange Commission. The modification would enable a new cryptocurrency exchange-traded fund to be listed. Trump Media & Technology Group is the issuer of this fund. It is called the Truth Social ETF. The ETF will track the performance of Bitcoin and Ethereum.

Bitcoin will be the primary focus of the Truth Social ETF. Seventy-five percent of its assets will be in Bitcoin. Ethereum will make up the remaining 25%. Investors are exposed to the two most well-known digital assets in this way. Traditional investors can enter the cryptocurrency market more easily with the help of the ETF structure. It combines Ethereum's usefulness with Bitcoin's strength.

The SEC's 19b-4 form was used for the filing. Just eight days had passed since TMTG submitted its ETF prospectus. According to the NYSE's registration, the ETF will satisfy all listing requirements. Additionally, the exchange asserted that the regulation modification will aid in the prevention of market manipulation and fraud. To reassure investors and authorities, these actions are required.

A 19b-4 form's submission does not guarantee approval. However, it is a crucial step in the procedure. It demonstrates that the issuer and the exchange are abiding by the regulations. It also indicates that regulated marketplaces are beginning to accept cryptocurrencies. For cryptocurrency items seeking SEC approval, this procedure is frequently the first public step.

Source: X

Shift in SEC’s Approach to Crypto

The SEC’s attitude toward crypto is changing. Recent actions suggest a more flexible and open approach. This could be due to new pro-crypto officials added under President Donald Trump. Regulatory bodies now appear more willing to consider crypto-related products. This ETF proposal reflects that shift.

This is not the first crypto ETF tied to Trump Media. In early June, TMTG and Yorkville America filed for another product. That one was focused only on Bitcoin. It was called the Truth Social Bitcoin ETF. The new filing adds Ethereum to the mix. The move signals a broader strategy to tap into different parts of the crypto market.

Source: X

With these two ETFs, TMTG is not going away. The business is developing further goods in collaboration with Yorkville and Crypto.com. They are creating a number of "America First" cryptocurrency funds. These comprise the America First Blockchain Leaders Fund, the America First Bitcoin Fund, and the America First Stablecoin Income Fund. More U.S.-focused investment choices in the digital asset market are intended to be made available.

The filings make it clear. TMTG is pushing harder into the digital asset world. The company is growing its lineup of investment products. These funds target a range of investor interests. Some focus on stablecoins. Others highlight blockchain innovation. And some continue to center on Bitcoin. The Truth Social brand now connects not only to media but also to crypto investing.

The Truth Social ETF may give more people access to crypto. Investors who are not ready to manage wallets or private keys could still take part. ETFs offer a traditional way to hold crypto without direct ownership. If the SEC approves this fund, it may lead to more innovation. It could also encourage more mainstream investors to join the crypto space.

This filing shows that digital assets are gaining traction. Traditional finance players are opening the door to crypto. Trump Media’s growing interest reflects a broader trend. As more funds appear, investors will have more choices. This could reshape how people invest in digital assets moving forward.