- SEC filing by Trump Media for Bitcoin and Ethereum ETF.
- The ETF allocates 75% to Bitcoin.
- Crypto.com becomes ETF custodian and liquidity provider.
Trump Media and Technology Group Corp. has filed with the SEC for a Bitcoin and Ethereum Exchange Traded Fund (ETF). The proposed allocation is 75% Bitcoin and 25% Ether, with Crypto.com named as custodian.
The ETF filing signals Trump’s strategic move into the crypto sector with significant Bitcoin allocation. This development follows previous Bitcoin-only ETF efforts and reflects growing institutional crypto engagement in the U.S.
Trump Media and Technology Group Corp. has filed an S-1 registration for a Bitcoin and Ethereum ETF with the SEC. Crypto.com will act as the exclusive custodian and liquidity provider. The planned ETF includes a notable 75% Bitcoin allocation.
Donald J. Trump is intricately tied to this initiative, highlighting his increasing influence in the crypto space. World Liberty Financial, associated with the Trump family, holds substantial holdings on Ethereum, reinforcing their strategic crypto involvement.
Trump Media and Technology Group Corp., “announced today the filing with the U.S. Securities and Exchange Commission of the initial registration statement on Form S-1 for the Truth Social Bitcoin and Ethereum ETF…The ETF will hold Bitcoin and Ether directly, with 75% of its assets invested in Bitcoin and 25% in Ether…”
(source)
The potential approval of this ETF might significantly impact Bitcoin and Ethereum by increasing institutional demand and prices. Crypto.com’s involvement underpins its growing importance in providing liquidity and execution services in the crypto market.
The ETF proposal aligns Trump Media’s crypto strategy with institutional trends, potentially driving cryptocurrency valuation and investor interest. The SEC’s response will be crucial to industry sentiment and market stability.
Should this ETF receive approval, it could set precedents for further crypto-financial products. Historical trends suggest ETFs often boost crypto inflows and prices, contingent on regulatory acceptance and investor appetite.
