In a bold move blending politics and crypto, Trump Media & Technology Group has filed with the SEC to launch a Bitcoin-Ethereum ETF—potentially offering investors 75% BTC and 25% ETH exposure through traditional markets.
Key Details of the Proposed ETF
- NYSE filed SEC Form 19b-4 to list the ETF (first regulatory step)
- Crypto.com’s Forix DAX Trust would serve as custodian
- Part of broader Trump Media crypto strategy including:
- Truth Social Bitcoin ETF
- America First Bitcoin Fund
- Stablecoin Income Fund
Why This Filing Matters
✅ Mainstream crypto access – Traditional investors could gain exposure
✅ NYSE backing adds legitimacy to the proposal
✅ SEC’s shifting stance – More crypto-friendly under Trump ally Paul Atkins
What’s Next?
- SEC review period begins (typically takes months)
- Public comments will influence decision
- Potential approval could open floodgates for political-linked crypto products