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CoinDesk 2025-06-25 07:05:38

NYSE Tweaks Rule to List Trump Media's Bitcoin-Ethereum ETF

U.S. President Donald Trump’s media company is accelerating its crypto play. The New York Stock Exchange filed for a rule change on Tuesday that would enable it to list the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund proposed just last week by Trump Media and Technology Group. If approved, the ETF would hold bitcoin BTC and ether ETH in a 3:1 ratio and be custodied and executed by Crypto.com, which also serves as the fund’s liquidity provider. The filing, made under the SEC’s 19b-4 process, marks a key procedural step toward public trading but doesn’t guarantee approval. It comes less than a month after Trump Media said it would raise $2.4 billion to build its own BTC treasury, though there have been no announced purchases so far. Beyond the Truth Social ETF filings, Trump Media and Yorkville are planning a full suite of politically branded crypto products, including the America First Bitcoin Fund, the America First Blockchain Leaders Fund, and the America First Stablecoin Income Fund. Only the Truth-branded ETFs have been formally filed with the SEC so far. Read more: Donald Trump's Truth Social Files for Dual Bitcoin and Ether ETF

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