The U.S. Securities and Exchange Commission has formally begun reviewing Trump Media & Technology Group’s application for a Bitcoin and Ethereum exchange-traded fund (ETF). The regulator’s acceptance of the filing initiates a standard review period for the proposed fund, which intends to allocate 75% to Bitcoin and 25% to Ether.
The ETF seeks to list on the NYSE Arca exchange, with custody services managed by Foris DAX Trust using cold storage protocols. Yorkville America Digital serves as the sponsor, while daily net asset value calculations will utilize the CME CF Bitcoin Reference Rate and CME CF Ether Reference Rate for valuation.
Concurrently, the SEC has postponed its decision on Fidelity’s proposed Solana ETF, extending the public commentary period and requesting additional feedback on the application. These developments reflect the regulator’s cautious, iterative approach to cryptocurrency ETF evaluations as market demand for digital asset products grows.