NYSE Files Rule Change to List Truth Social Bitcoin and Ethereum ETF
Trump Media and Technology Group is advancing its cryptocurrency initiatives.
- The New York Stock Exchange filed for a rule change to list the Truth Social Bitcoin and Ethereum ETF.
- This dual-asset fund proposes holding bitcoin (BTC) and ether (ETH) in a 3:1 ratio.
- Crypto.com will act as custodian and liquidity provider for the ETF.
- The filing under SEC’s 19b-4 process is a step toward public trading but does not ensure approval.
- Trump Media aims to raise $2.4 billion for a BTC treasury, with no purchases reported yet.
- Plans include politically branded crypto products such as the America First Bitcoin Fund and others.
- Only the Truth-branded ETFs have been submitted to the SEC so far.