US President Donald Trump's media company has officially applied to list its new Bitcoin and Ethereum-focused ETF product on the New York Stock Exchange (NYSE).
Trump Media & Technology Group continues to expand its strategic ventures into the cryptocurrency market. Just eight days ago, the company published a prospectus for the Truth Social Bitcoin and Ethereum ETF, which will allocate 75% to Bitcoin and 25% to Ethereum. According to the application submitted by NYSE to the SEC, comprehensive measures against market manipulation and fraud are assured.
Crypto custody and liquidity support services for the ETF will be provided by a leading crypto company. Recently, the Trump administration’s positive stance towards cryptocurrencies, highlighted by appointing crypto-friendly executives, has drawn considerable investor attention. Trump Media’s ETFs aim to facilitate traditional investors' access to cryptocurrency markets.
