$BTC Trump Drops Crypto Bombshell: SEC Opens Door to Historic Bitcoin and Ethereum ETF!🤯
The US Securities and Exchange Commission (#SEC ) has officially accepted the use of an exchange-traded fund (ETF) launched by Trump Media & Technology Group that includes both Bitcoin (#BTC ) and Ethereum (#ETH ) and has initiated the evaluation process. This development has had a great impact in both political and financial circles. Crypto markets have entered a new period of expectation with this news.
Fund Structure: 75% Bitcoin, 25% Ethereum
The ETF proposed by Trump Media according to the application will offer the opportunity to be exposed to two major crypto assets on the internet at the same time. The structure of the fund is planned as follows:
25% Ethereum ($ETH )
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.
