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Trump Media and Technology Group Corp has officially filed to list a new Bitcoin and Ethereum ETF on NYSE Arca, marking a significant move in crypto investment accessibility.
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The proposed ETF, under the ticker B.T., plans to allocate 75% of its assets to Bitcoin and 25% to Ethereum, providing diversified exposure to the two largest cryptocurrencies by market cap.
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According to COINOTAG, the fund will leverage Crypto.com’s Foris DAX Trust Company for custody and execution, ensuring secure asset management and operational support.
Trump Media files for a Bitcoin and Ethereum ETF on NYSE Arca, offering streamlined crypto exposure with secure custody and institutional-grade management.
Trump Media’s Dual-Asset ETF Proposal Targets Simplified Crypto Exposure
In a strategic development for crypto investors, Trump Media and Technology Group Corp has submitted a Form 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to list the Truth Social Bitcoin and Ethereum ETF on NYSE Arca. This ETF aims to provide a single-ticker solution that combines exposure to Bitcoin and Ethereum, the two dominant digital assets by market capitalization. The fund’s asset allocation is designed to hold 75% Bitcoin and 25% Ethereum, offering a balanced approach to digital asset investment.
The ETF is structured as a commodity-based trust, with Yorkville America Digital serving as the sponsor. Custody and execution responsibilities are entrusted to Foris DAX Trust Company, an affiliate of Crypto.com, which will also provide staking and liquidity services. This arrangement underscores a commitment to robust security and operational efficiency, critical factors for institutional and retail investors alike.
Regulatory Pathway and SEC Review Process
The filing of Form 19b-4 follows Trump Media’s earlier submission of a Form S-1 registration statement, which detailed the fund’s structure and disclosure requirements for a public offering. While the S-1 addresses the foundational aspects of the ETF, the 19b-4 filing specifically seeks regulatory approval for listing and trading on a national securities exchange.
The SEC’s review process for such filings can extend up to 240 days, with an initial response typically expected within 45 days. This timeline reflects the regulatory rigor applied to crypto-related financial products, ensuring investor protection and market integrity. The fund’s net asset value will be calculated using CME CF benchmark reference rates, aligning with industry standards for transparency and accuracy.
Operational Framework and Custody Solutions by Crypto.com
Security and operational reliability are paramount in the management of crypto ETFs. The Truth Social Bitcoin and Ethereum ETF will utilize cold storage custody provided by Foris DAX Trust Company, a Crypto.com affiliate. Cold storage is widely regarded as the most secure method for safeguarding digital assets, mitigating risks associated with cyber threats and unauthorized access.
Beyond custody, Crypto.com will act as the execution agent, facilitating efficient trading and liquidity management. Additionally, the platform will offer staking services, potentially enhancing yield opportunities for the fund. This comprehensive operational framework is designed to support the ETF’s passive investment strategy while maintaining high standards of asset security and liquidity.
Market Context and Future Outlook for Crypto ETFs
The launch of this dual-asset ETF comes amid growing demand for regulated crypto investment vehicles in the United States. Trump Media’s proposal follows an earlier filing for a spot Bitcoin ETF, also under SEC review, signaling the company’s commitment to expanding crypto investment options.
With the SEC’s final decision on the Bitcoin-only ETF expected by January 2026, the approval of the combined Bitcoin and Ethereum ETF could further diversify the market landscape. These developments reflect increasing institutional interest and the maturation of crypto financial products, potentially broadening access for both retail and institutional investors.
Conclusion
Trump Media’s filing to list a Bitcoin and Ethereum ETF on NYSE Arca represents a notable advancement in the crypto investment space, combining broad market exposure with secure custody and professional management. As the SEC undertakes its review, investors should monitor regulatory updates closely, as approval could pave the way for more accessible and diversified crypto investment opportunities through traditional brokerage platforms.
