#SECETFApproval The U.S. Securities and Exchange Commission (SEC) has formally acknowledged receipt of an application submitted by Trump Media & Technology Group - the parent company of Truth Social - for a cryptocurrency ETF that would offer exposure to Bitcoin and Ethereum.

The filing of the S-1 form triggers the start of a review period during which the SEC must determine if the proposal meets regulatory standards.

The Truth Social Bitcoin and Ether ETF, if approved, would trade on NYSE Arca and allocate 75% of the assets to Bitcoin and 25% to Ether, according to the fund's documentation. This structure is designed to provide diversified exposure to the two leading cryptocurrencies in a single investment vehicle.

The proposal comes amid a wave of similar applications, as issuers rush to capitalize on the growing demand for regulated cryptocurrency investment products. Apparently, the SEC is also considering the possibility of simplifying listing frameworks to facilitate a more efficient approval of cryptocurrency ETFs...........