Trump Media’s Bitcoin and Ethereum ETF Application Under SEC Review, Bitcoin Allocation May Dominate
2025-07-08 12:18:37
Main Idea
Trump Media’s Truth Social has submitted an application for a Bitcoin and Ethereum ETF to the SEC, which could provide investors with diversified crypto exposure through a regulated investment vehicle.
Key Points
1. The SEC accepted Truth Social’s Bitcoin and Ethereum ETF application on July 8, proposing a 75% Bitcoin and 25% Ethereum allocation.
2. The ETF plans to use CME CF reference rates for pricing and Crypto.com for custody services under Foris DAX Trust Company.
3. If approved, the ETF would offer investors exposure to Bitcoin and Ethereum without direct custody or trading complexities.
4. The SEC has shown caution in approving spot cryptocurrency ETFs, as seen with recent requests for resubmissions of Solana ETF filings.
5. The ETF’s success depends on regulatory approval and its ability to navigate SEC scrutiny while providing a secure and accessible investment option.
Description
Trump Media’s Truth Social has submitted an application to the U.S. SEC for a Bitcoin and Ethereum ETF, marking a significant move in the crypto investment space. The proposed ETF
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