The New York Stock Exchange is personally involved; is the Trump concept dual-coin ETF coming? Another door to earning BTC + ETH compliantly has opened!

  1. Who is behind this? NYSE Arca, the favored child of the New York Stock Exchange, has officially submitted an application to the SEC to list an ETF called 'Truth Social Bitcoin Ethereum ETF,' with the code BT.

  2. What are we investing in? This ETF is awesome as it packages Bitcoin $BTC and Ethereum $ETH! The goal is to follow the prices of these two big brothers. Initially, the ratio is about 3 parts BTC to 1 part ETH, but it may be adjusted later.

  3. What's the benefit?The biggest benefit isCompliance + peace of mindYou don't have to buy coins yourself, manage wallets, or worry about exchanges. You can buy this ETF directly in your U.S. stock account just like buying stocks, which is equivalent to indirectly holding BTC and ETH. It opens a new path for investors who want to 'cash in' but are afraid of trouble or non-compliance.

  1. Who is running the show? The custody and liquidity are handled by the big firm Crypto.com. The 'money backer' behind it is Trump's social media company, Trump Media TMTG, with Yorkville America being the actual operational sponsor.

  2. How's the progress? After receiving the documents, the SEC's review period is as short as 45 days and can drag on for up to 240 days. This is the second ETF application made by Trump's media; there was previously one purely for Bitcoin, and the SEC is expected to respond by the end of January next year at the latest.

  3. A little interlude:Last month, Trump's media also declared they would use $2.3 billion to buy Bitcoin as reserves, but so far, we haven't seen any real cash being put in, although their attitude is clear!

This move, the Trump concept + NYSE platform + Crypto.com custody, is really impressive! If the dual-coin ETF gets approved, it will definitely be another heavy artillery to attract traditional funds into the market. But the SEC's approval speed... we can only 'let the bullets fly for a while.' However, TMTG's continuous ETF applications show they really want to make a big splash in the crypto field!


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