The post Trump News: $2.4B Crypto Push Begins with Truth Social ETF Filing appeared first on Coinpedia Fintech News
On Tuesday, the New York Stock Exchange (NYSE) filed a rule change to allow the listing of a new Truth Social Bitcoin and Ethereum ETF, backed by Trump Media & Technology Group. If approved, this dual-asset ETF would hold 75% Bitcoin and 25% Ethereum, making it one of the most politically branded cryptocurrency products to date.
NYSE Pushes for Truth Social ETF
The proposed ETF listing falls under the SEC’s 19b-4 rule, a common path for ETF approval. While it signals regulatory progress, it does not guarantee final approval from the Securities and Exchange Commission (SEC).
In a statement, the SEC responded:
“The Exchange believes that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices in that the shares will be listed and traded on the exchange pursuant to the initial and continued listing criteria in NYSE.”
Trump’s Bold Crypto Vision
Trump Media is ramping up efforts to establish a stronghold in the crypto space. In May, it announced a $2.5 billion raise to build its own Bitcoin Treasury.
Key projects include:
- Truth Social Bitcoin ETF
- Truth Social Bitcoin and Ethereum ETF
- America First Bitcoin Fund
- America First Blockchain Leaders Fund
- America First Stablecoin Income Fund
The funds aim to merge crypto investing with political branding, targeting supporters of the “America First” agenda.
[post_titles_links postid=”474512″]
Crypto.com to Serve as ETF Custodian
To manage the ETF’s infrastructure, Trump Media has partnered with Crypto.com, which will serve as the custodian, liquidity provider, and execution agent.
President Trump, who holds a majority stake in Trump Media, also oversees platforms like:
- Truth Social – Social Media
- Truth+ – Streaming Platform
- Truth.Fi – Fintech and Digital Payments
Final Word
While the Truth Social ETF still awaits SEC approval, the filing marks a major step in merging politics and cryptocurrency. If approved, this could signal a new era of politically driven crypto funds entering mainstream finance.
[article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″]
FAQs
It’s a proposed dual-asset ETF by Trump Media & Technology Group, aiming to hold 75% Bitcoin and 25% Ethereum. It seeks to combine crypto investing with political branding.
No, the ETF’s approval is still pending. The NYSE has filed a 19b-4 rule change with the SEC, which is a procedural step, but final SEC approval is not guaranteed.
If approved, the Truth Social Bitcoin and Ethereum ETF would be one of the first politically branded crypto products, potentially signaling a new era of politically driven crypto funds entering mainstream finance.
