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SEC Begins Review of Trump Media’s Bitcoin and Ether ETF

2025-07-08 12:51:48

Main Idea

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Description

The U.S. SEC has formally accepted Trump Media’s application for a Bitcoin and Ethereum exchange-traded fund (ETF), beginning the countdown for a decision on the proposed product. According to the filing, the ETF would offer investors exposure to both Bitcoin and Ether through shares listed on NYSE Arca, with an allocation of 75% to Bitcoin and 25% to Ether. Foris DAX Trust Company, operating as Crypto.com, will serve as the custodian for the ETF, while Yorkville America Digital will act as the ...

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