Trump Media’s social platform Truth Social has submitted an application to the U.S. Securities and Exchange Commission for a Bitcoin and Ethereum exchange-traded fund (ETF). The proposed ETF would allocate 75% to Bitcoin and 25% to Ethereum, offering investors regulated exposure to both cryptocurrencies through a single investment vehicle.
The fund intends to utilize CME CF reference rates for price calculations and has selected Crypto.com as its custody provider under the oversight of Foris DAX Trust Company. If approved, the ETF would eliminate the need for investors to handle direct cryptocurrency custody while maintaining transparent pricing mechanisms.
This filing occurs amid heightened SEC scrutiny of cryptocurrency investment products, evidenced by recent requests for resubmissions of other digital asset ETF applications including Solana-based proposals. Regulatory approval remains pivotal for the ETF’s launch, contingent on successfully addressing the SEC’s investor protection standards and technical requirements.