๐ฝ ๐ง๐ฟ๐๐๐ต ๐ฆ๐ผ๐ฐ๐ถ๐ฎ๐น ๐๐ง๐๐ ๐๐ถ๐บ ๐ณ๐ผ๐ฟ ๐ช๐ฎ๐น๐น ๐ฆ๐๐ฟ๐ฒ๐ฒ๐: ๐ก๐ฌ๐ฆ๐ ๐๐ถ๐น๐ฒ๐ ๐ณ๐ผ๐ฟ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป + ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐๐๐ป๐ฑ
๐จ Whatโs New?
NYSE Arca has filed with the SEC to list a Truth Social Bitcoin and Ethereum ETF, a new crypto investment product backed by Trump Media & Technology Group (TMTG).
๐ Key Details:
๐ 75% BTC / 25% ETH allocation โ giving exposure to both major assets.
๐ Filing made under SECโs 19b-4 rule (needed for new ETF proposals).
๐ผ Crypto.com will handle custody, liquidity, and crypto execution services.
โ๏ธ Whoโs Behind This?
๐บ๐ธ The ETF is part of Trump Mediaโs push to become more than just a social platform.
๐ง Theyโve partnered with Yorkville America and Crypto.com to build the infrastructure.
This is the second Truth-branded ETF filing in less than a month โ the first was Bitcoin-only.
๐ฃ Whatโs the Bigger Picture?
โ Trump Media is expanding its "America First" crypto finance products.
Future plans include funds like a Bitcoin Income Fund, Blockchain Leaders Fund, and a Stablecoin Yield Fund โ though only 2 have been officially filed so far.
๐ง Why This Matters:
๐๏ธ The SEC appears more open to crypto under the current Trump-led administration.
๐ฌ Trump, once a crypto critic, now praises Bitcoin as โfinancial freedom.โ
๐ Political support could fast-track crypto regulation and adoption in the U.S.
๐ฎ Whatโs Next?
SEC approval isnโt guaranteed. Public feedback and internal reviews will follow.
If passed, these ETFs could bring more mainstream exposure to crypto โ via trusted Wall Street rails.