Truth Social’s Bitcoin ETF is moving forward as NYSE ARCA FILLED TO SEC On Tuesday, the truth is trying to social bitcoin and Ethereum ETF. NYSE ARCA SEC application proposes a fund that would invest 75% in Bitcoin and also 25% in Ethereum, which marks Trump Media ETG’s expansion to regulated Crypto ETF approval markets right now.
Also read: Soana Spot ETF: Coinshares Seeking Sec Node for launch
Truth Social Bitcoin ETF is facing Sec review and crypto shared risks
Crypto.com -Partnership handles ETF operations
TMTG and Yorkville America have collaborated with Crypto.com to manage the truth Social Bitcoin ETF Infrastructure. Crypto.com will provide digital access to assets, implementing services and also liquidity operations for the fund.
NYSE ARCA is stated in the SEC archiving:
“The exchange considers that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices by allowing the shares to be noted and traded on the exchange during the initial and continued listing criteria in NYSE.”
Political support shifts crypto ETF -approval landscapes
SEC’s Krypto maintenance has evolved under Trump’s administration, with the appointed sympathy for cryptom market development. Trump Media Etg benefits from this varying regulatory environment for its Bitcoin ETH allocation strategy right now.
President Trump has been transformed from Cryptocurrency critics to supporters and calls digital assets instruments for “financial freedom” during recent performances. This political support strengthens the crypto -etf -approval outlook for Trump BTC ETF at the time of writing.
Also read: XRP ETF Approved for Toronto Stock Exchange launch
TMTG further plans “America First” products including America First Bitcoin Fund and also America First Blockchain Leaders Fund. However, only the truth have social bitcoin ETF and the double bitcoin-Ethereum etf formal SEC applications.