Trump Media Files for Bitcoin and Ethereum ETF with SEC
Trump Media and Technology Group has filed to list a Bitcoin and Ethereum exchange-traded fund (ETF) for Truth Social. Key details include:
- The ETF will allocate 75% of its capital to Bitcoin and 25% to Ethereum.
- Crypto.com will serve as the custodian and liquidity provider for the ETF.
- This filing follows an earlier registration for a spot Bitcoin ETF.
- World Liberty Financial, backed by the Trump family, holds 96% of its assets on the Ethereum blockchain.
- If approved, the ETF will join existing crypto ETFs with a total of $131 billion in assets under management.