Trump Media Files for Bitcoin-Ethereum ETF on NYSE Arca

Trump Media and Technology Group, led by President Donald Trump, has filed with the U.S. Securities and Exchange Commission (SEC) to list the Truth Social Bitcoin and Ethereum ETF on the NYSE Arca exchange. The ETF would allocate 75% of its assets to Bitcoin and 25% to Ethereum, aiming to provide investors with simplified exposure to the two largest cryptocurrencies through a single product. Crypto.com is named as the custodian, execution agent, and liquidity provider, with Yorkville America Digital as the sponsor, and the fund will use cold storage for asset custody. The filings include a Form 19b-4 rule change request from NYSE Arca and a registration statement detailing the fund’s passive investment strategy and valuation based on CME CF benchmark rates. This move is part of Trump Media’s broader crypto expansion plans, including a recent announcement to raise over $2 billion to establish a Bitcoin treasury and intentions to launch additional politically branded crypto products. The SEC's review process has begun, but approval is not guaranteed, and the initiative has drawn scrutiny over potential conflicts of interest given President Trump's dual role as a political leader and promoter of cryptocurrency ventures.