NYSE files to list Trump Media’s Bitcoin-Ethereum ETF with a 75:25 ratio.
Crypto.com to act as custodian and liquidity provider for the ETF. SEC review for the dual-asset ETF may take up to 240 days.Trump Media plans politically branded crypto products beyond ETFs.Bitcoin ETF market already holds $131 billion in assets.
The New York Stock Exchange has filed a rule change to list a Bitcoin-Ethereum ETF proposed by Trump Media & Technology Group. The filing, submitted on June 24, 2025, seeks to enable trading of the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund holding 75% Bitcoin and 25% Ethereum. If approved, the ETF will provide investors with regulated exposure to the two largest cryptocurrencies without direct ownership.
Trump Media’s Crypto Ambitions Expand
Trump Media’s ETF targets a 75:25 Bitcoin-to-Ethereum ratio, with Crypto.com serving as custodian and liquidity provider. The fund, filed with the SEC last week, aims to track the price performance of both assets. This move follows Trump Media’s earlier filing for a standalone Bitcoin ETF on June 5, 2025. The SEC has until January 29, 2026, to decide on the Bitcoin-only ETF, while the dual-asset ETF’s review process could take up to 240 days.
The company plans to launch additional crypto products, including the America First Bitcoin Fund and America First Stablecoin Income Fund. However, only the Truth-branded ETFs have been formally submitted to the SEC. “The fund offers a fractional interest in Bitcoin and Ethereum assets,” the filing states, emphasizing regulated access to digital currencies.
NYSE Filing Signals Growing Crypto Integration
The NYSE’s 19b-4 filing marks a critical step toward ETF approval. It initiates a formal SEC review and opens the proposal for public comment. The ETF, under the ticker “BT,” will be managed by Yorkville America Digital, with Foris DAX Trust Company, a Crypto.com affiliate, handling custody. This filing follows Trump Media’s announcement to raise $2.3 billion for a Bitcoin treasury, though no purchases have been confirmed.
The crypto ETF market is competitive, with established players like BlackRock managing $131 billion in Bitcoin ETF assets. Trump Media’s entry leverages its political branding to attract retail investors. The fund’s structure avoids the complexities of direct crypto ownership, such as managing digital wallets. For further details on crypto ETFs, visit BlackRock’s iShares Bitcoin ETF page or explore Coinbase’s ETF resources.
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