Hello Breann, good info.! 👏🏽
Did you find any recent news about the GENIUS law process?? 🤔
Have a good day and better profit!
Breann Bacy TpGl
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The U.S. Securities and Exchange Commission (SEC) has officially accepted Trump Media's application for an exchange-traded fund (ETF) that includes Bitcoin (BTC) and Ethereum (ETH), thereby initiating the evaluation process.
According to the application submitted by Trump Media, the fund, which is planned to be listed on the New York Stock Exchange Arca, will provide investors with exposure to the two major cryptocurrencies with a ratio of 75% Bitcoin and 25% Ethereum. The custody services for the fund will be managed by Foris DAX Trust Company, operating under the name Crypto.com, while the fund will be sponsored by asset management company Yorkville America Digital.
The ETF's valuation will be conducted daily, and the pricing for the Bitcoin portion will be based on the CME CF Bitcoin Reference Rate, which is created from transaction data collected from leading cryptocurrency exchanges. The pricing for Ethereum will be determined based on the CME CF Ether Reference Rate, which the sponsor may adjust at their discretion.
According to the details mentioned in the application, the fund's Bitcoin and Ethereum assets will be held in accounts that are kept separate from other customer accounts by Crypto.com, and private keys will be secured using cold storage methods.
On the other hand, the SEC's decision to postpone its ruling on the Solana (SOL)-focused ETF application submitted by Fidelity and to initiate additional commentary processes regarding the matter has drawn attention. Bloomberg ETF analyst James Seyffart emphasized that such interactions signal a generally positive movement by the SEC regarding cryptocurrency ETFs.
$XRP
$PEPE
$SHIB
According to the application submitted by Trump Media, the fund, which is planned to be listed on the New York Stock Exchange Arca, will provide investors with exposure to the two major cryptocurrencies with a ratio of 75% Bitcoin and 25% Ethereum. The custody services for the fund will be managed by Foris DAX Trust Company, operating under the name Crypto.com, while the fund will be sponsored by asset management company Yorkville America Digital.
The ETF's valuation will be conducted daily, and the pricing for the Bitcoin portion will be based on the CME CF Bitcoin Reference Rate, which is created from transaction data collected from leading cryptocurrency exchanges. The pricing for Ethereum will be determined based on the CME CF Ether Reference Rate, which the sponsor may adjust at their discretion.
According to the details mentioned in the application, the fund's Bitcoin and Ethereum assets will be held in accounts that are kept separate from other customer accounts by Crypto.com, and private keys will be secured using cold storage methods.
On the other hand, the SEC's decision to postpone its ruling on the Solana (SOL)-focused ETF application submitted by Fidelity and to initiate additional commentary processes regarding the matter has drawn attention. Bloomberg ETF analyst James Seyffart emphasized that such interactions signal a generally positive movement by the SEC regarding cryptocurrency ETFs.
$XRP
$PEPE
$SHIB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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