#SECETFApproval The U.S. Securities and Exchange Commission has accepted Trump Media's application for an exchange-traded fund (ETF) of Bitcoin and Ethereum, starting the countdown for the agency to approve or reject the proposed fund.

The ETF aims to provide investors exposure through shares listed on NYSE Arca backed by the crypto assets, with 75% allocated to Bitcoin and 25% to Ether, according to the filing.

Foris DAX Trust Company, operating as Crypto.com, will act as custodian, and the asset management firm Yorkville America Digital will act as the fund's sponsor.