The SEC has formally acknowledged Trump Media’s application for a Bitcoin and Ethereum ETF, triggering a mandatory review period that could lead to approval or rejection.
Key details from the filing:
- Asset Allocation: 75% Bitcoin, 25% Ether
- Listing: NYSE Arca
- Custodian: Foris DAX Trust (Crypto.com)
- Sponsor: Yorkville America Digital
The proposal arrives as the SEC evaluates ways to streamline crypto ETF approvals. Truth Social’s fund will determine its net asset value using the CME CF Bitcoin Reference Rate, while Ether’s valuation may be adjusted by the sponsor if needed.
