Trump Media's Truth Social Bitcoin and Ethereum ETF: A Game-Changer in the Making?

The Bold Move to NYSE Arca

Hang onto your hats, crypto fans! Trump Media and Technology Group Corp, the masterminds behind Truth Social, just threw their hat in the ring with a sizzling Form 19b-4 filing. They're gunning to list the Truth Social Bitcoin and Ethereum ETF on NYSE Arca. That's right, a dual-asset powerhouse aiming to shake up the market!

The Breakdown: 75% Bitcoin, 25% Ethereum

Get this: according to a June 24 filing with the SEC, this ETF, set to rock the ticker symbol B.T., will pack a punch with 75% of its assets in Bitcoin and 25% in Ethereum. It's a commodity-based trust, with Yorkville America Digital at the helm as sponsor, and Crypto.com's Foris DAX Trust Company locking down both crypto assets as the custodian. This is the real deal, folks!

One-Ticker Wonder: Simplifying Crypto Exposure

The ETF's mission? To give you a single-ticker ride to the top two digital assets by market cap. If the SEC gives the green light, it'll be trading on NYSE Arca, opening the floodgates for retail and institutional investors to dive into the spot Bitcoin and Ethereum markets through your everyday brokerage platforms. It's about to get wild!

Form 19b-4: The Next Big Step

This latest 19b-4 filing comes hot on the heels of Trump Media's June 16 announcement about their S-1 registration statement with the SEC. The S-1's all about the nitty-gritty details for a public offering, but the 19b-4? That's the golden ticket to getting listed and traded on a national exchange. Both are crucial for this ETF to hit the ground running.

The Details: Passive Strategy and Cold Storage

The 19b-4 filing doubles down on the key points from the S-1, like the fund's chill, passive investment strategy and using the CME CF benchmark to figure out the net asset value. And get this: Foris DAX Trust Company, a Crypto.com sidekick, will be keeping the Bitcoin and Ethereum in icy cold storage. But that's not all—Crypto.com's also stepping up as the execution agent, and they'll be slinging staking and liquidity services to keep the fund running smooth.

The SEC's Clock is Ticking

Now that the 19b-4's in, the SEC's on the case, and they've got up to 240 days to make the call, though they usually give you a heads-up within 45 days. The crypto world's holding its breath!

Trump Media's Double Play

With crypto ETFs hotter than a summer in Texas, Trump Media's not stopping at one—they've already thrown down another proposal on June 3, also with NYSE Arca, for the Truth Social Bitcoin ETF. It's a spot product, all about Bitcoin, using the same sponsor and custodian as this dual-asset beast. That one's still under the SEC's microscope, with a final verdict due by Jan. 29, 2026, if they pull out all the stops.

So, buckle up, crypto enthusiasts! Trump Media's making moves that could change the game, and we're here for the ride!