Trump Media Proposes Bitcoin and Ethereum ETF Filing
Trump Media and Technology Group has formally requested SEC approval to launch a joint Bitcoin and Ethereum exchange-traded fund under the “Truth Social” banner. The filing, submitted on Monday, outlines plans for a 75% Bitcoin/25% Ethereum allocation, with Crypto.com acting as custodian, execution agent, and designated order facilitator. serving multiple key roles, including custodian. The proposed ETF will list on NYSE Arca following potential approval and effectiveness of the registration statement and a Form 19b-4 filing.
This filing represents the latest collaboration between Trump Media and Yorkville America Digital (previously involved with its earlier Truth Social Bitcoin ETF proposal) on cryptocurrency products. The company previously raised substantial capital dedicated to crypto holdings, including establishing a “Bitcoin Treasury.”
Partnering with Crypto.com and Yorkville for this venture marks a significant development in the company’s strategy within the digital asset space, adding to an expanding portfolio of intrinsically linked crypto initiatives branded “America First.”
Shares of Trump Media and Technology Group (DJT) were down nearly 2% in extended market trading to $19.18 following the announcement. Concurrently, President Trump’s family continues to engage with cryptocurrency projects, fueling bipartisan scrutiny over the administration’s connections to the industry.