- NYSE Arca seeks SEC approval to list Truth Social’s Bitcoin and Ethereum ETF.
- The ETF would hold 75% Bitcoin and 25% Ethereum, backed by Crypto.com as custodian.
- ETF aims to offer regulated crypto access without requiring direct token management.
The New York Stock Exchange has taken a step closer to integrating cryptocurrency into traditional finance. NYSE Arca has filed an application with the U.S. Securities and Exchange Commission (SEC) to list a new ETF.
The proposed fund, under the name Truth Social Bitcoin and Ethereum ETF, is set to give access to the two most popular cryptocurrencies. If approved, it would allocate 75% of its assets to Bitcoin and 25% to Ethereum. The ETF is geared toward investors who prefer regulated exposure to digital assets but do not wish to manage their own crypto wallets.
This submission marks another ETF filing from Trump Media & Technology Group (TMTG) within a month. The earlier proposal, Truth Social Bitcoin ETF, focused solely on Bitcoin exposure. Both filings suggest a growing commitment by TMTG to enter the crypto finance sector.
ETF Would Expand Regulated Crypto Access
Trump Media partnered with Yorkville America and Crypto.com to support the ETF. Crypto.com will act as custodian, execution agent, and liquidity provider. The ETF would operate under NYSE Arca Rule 8.201-E, which governs commodity-based trust shares.
The fund is designed to prevent fraud and manipulation. It must comply with NYSE’s initial and continued listing criteria. The 19b-4 rule change process governs the SEC’s review of such filings. However, the rule does not guarantee approval.
If approved, the ETF will attract attention from both retail and institutional investors. It would also strengthen Truth Social’s presence in financial markets. TMTG currently owns the Truth Social social media platform and other digital ventures.
TMTG Doubles Down on Crypto Focus
Trump Media has recently intensified its cryptocurrency strategy. It confirmed holding $2.3 billion worth of Bitcoin and launched a share buyback plan. The company aims to balance crypto growth with shareholder value. It also plans to tokenize parts of its business. Earlier this year, Trump Media signaled interest in blockchain and digital asset infrastructure.
President Donald Trump owns a majority stake in TMTG. His stance on digital assets has undergone significant evolution in recent years. Once a critic of crypto, Trump now describes it as a tool for financial freedom.
The SEC, under the current administration, appears more receptive to crypto. Several crypto-friendly officials now hold senior regulatory roles. This has helped accelerate the adoption of ETF applications and blockchain projects.
The replacement of SEC Chairs has been a factor in changing the regulator’s outlook. Public opinion now suggests a more open approach to digital asset markets. The political support has also changed with the Trump administration expressing support for the digital assets.
Meanwhile, states are starting to participate directly in crypto markets. One U.S. state has committed $10 million for Bitcoin purchases. These moves indicate growing public-sector interest in blockchain investments.
Related: Truth Social Files For Dual Bitcoin and Ethereum ETF
The Truth Social Bitcoin and Ethereum ETF might become a turning point. Approval would indicate increased acceptance of mixed-asset crypto funds. It would also offer new investment instruments to players entering the digital asset market.
The SEC will now open the proposal to public comment. A formal decision could take several months following internal review. This ETF proposal could pave the way for additional cryptocurrency investment vehicles in U.S. markets. As digital assets mature, traditional institutions continue expanding their footprint in the space.
