The US Securities and Exchange Commission (#SEC ) has officially accepted the use of an exchange-traded fund (ETF) launched by Trump Media & Technology Group that includes both Bitcoin (#BTC ) and Ethereum (#ETH ) and has initiated the evaluation process. This development has had a great impact in both political and financial circles. Crypto markets have entered a new period of expectation with this news.
Fund Structure: 75% Bitcoin, 25% Ethereum
The ETF proposed by Trump Media according to the application will offer the opportunity to be exposed to two major crypto assets on the internet at the same time. The structure of the fund is planned as follows:
These rates offer a balanced investment opportunity in both the leading digital asset in the market and Ethereum, the pioneer of smart contracts. In this context, the fund differs from many ETFs in the market.
Custody and Sponsor Details
The fund is also technically noteworthy:
Custody Service: Provided by Foris DAX Trust Company, a subsidiary of Crypto.com. Crypto assets will be stored in cold budgets in accounts completely separate from client accounts.
Fund Sponsor: Yorkville America Digital will serve as the official sponsor of the ETF. This asset management company has a growing presence in the digital finance space.
Valuation Mechanism
The daily valuation of the ETF will be made according to the crypto reference amounts provided by the CME Group:
Bitcoin: CME CF Bitcoin Reference Rate (CME CF BRR)
Ethereum: CME CF Ether Reference Rate (may be revised at the sponsor's discretion)
These reference prices are created with data from leading crypto exchanges and are highly transparent and published.
Is the SEC's Approach to Crypto ETFs Changing?
The SEC's evaluation of this application is interpreted as a new treatment signal following criticisms against the institution. In particular:
The postponement of Fidelity's Solana (SOL) ETF transaction shows that the SEC is more cautious about altcoin-focused ETFs, while
The opening of the doors to Trump Media's Bitcoin and Ethereum ETF shows a more positive attitude towards leading crypto assets.
Bloomberg ETF analyst James Seyffart commented on this subject, saying, "We may now see strong signs that the SEC's general stance against crypto ETFs is softening."
The Trump Effect: Politics and Crypto Hand in Hand
Trump's ETF attack directly reflects not only the financial world but also the political scene. It is thought that Trump, who previously openly supported digital assets with his "fiat money is hopeless" statements, may focus on crypto policies during the election process. This ETF application is also considered as part of this strategy.
Result: Is SEC Approval on the Way?
The SEC’s formal evaluation of Trump Media’s ETF transactions could be a significant turning point for crypto markets. If approved:
This ETF will make history as the first hybrid Bitcoin-Ethereum spot fund.
With Trump, a highly influential figure in the political arena, this fund could increase cryptocurrency flows to mainstream traders.
The SEC’s decision process will become clear in the coming weeks. But there is one thing that remains true: Trump has made a strong return to the crypto scene.
