PANews June 25 news, the New York Stock Exchange (NYSE) has submitted a rule change application to support the listing of the Truth Social Bitcoin and Ethereum ETF proposed by Trump Media & Technology Group. If approved, the ETF will hold Bitcoin and Ethereum in a 75:25 ratio, with Crypto.com acting as the custodian and liquidity provider.
This application has been submitted through the 19b-4 process of the U.S. Securities and Exchange Commission (SEC), which is an important procedural step for the public trading of the ETF, but does not guarantee final approval. Previously, Trump Media announced plans to raise $2.4 billion to establish a Bitcoin reserve, but specific purchase plans have not yet been disclosed.
According to previous reports, NYSE Arca has submitted a 19b-4 application for the Truth Social Bitcoin and Ethereum ETF.
