U.S. President Donald Trump’s Media Company Accelerates Crypto Strategy
The New York Stock Exchange has filed for a rule change to list the Truth Social Bitcoin and Ethereum ETF, proposed by Trump Media and Technology Group. This dual-asset fund will hold Bitcoin (BTC) and Ether (ETH) in a 3:1 ratio, managed by Crypto.com as the custodian and liquidity provider.
While the filing marks a significant step towards public trading under the SEC’s 19b-4 process, approval is not guaranteed. This comes after Trump Media announced plans to raise $2.4 billion for a BTC treasury, though no purchases have been confirmed yet.
In addition to the Truth Social ETF, Trump Media and Yorkville are developing a range of politically branded crypto products, including the America First Bitcoin Fund, the America First Blockchain Leaders Fund, and the America First Stablecoin Income Fund. Currently, only the Truth-branded ETFs have been officially filed with the SEC.
Read more: Donald Trump’s Truth Social Files for Dual Bitcoin and Ether ETF
Comments (2)
p4dong@gmail.com
14:29 - 25/06/2025
Good information
p4dong@gmail.com
14:29 - 25/06/2025
Good information