Isabella García
The New York Stock Exchange (NYSE) has taken a bold step by submitting a proposed rule change for a new exchange‑traded fund (ETF) tied to the prices of bitcoin and ether. The ETF will be issued by Truth Social, the social media platform operated by Trump Media & Technology Group.
According to the official 19b‑4 form submitted to the SEC on Tuesday, this new ETF aims to track the price performance of both bitcoin and ether. It is designed as a passive investment tool, allowing investors to gain exposure to the value of the two leading digital assets.
The ETF Filing Process and Its Details
The 19b‑4 submission is a pivotal second step required when proposing a crypto ETF for SEC review. This follows the earlier submission of the ETF prospectus, which stated an anticipated three‑to‑one weighting between bitcoin and ether in the fund’s portfolio.
The ETF will be sponsored by Yorkville America Digital, and its digital assets will be securely custodied by Foris DAX Trust Company, ensuring that investors’ holdings are properly safeguarded.
More Trump‑Branded ETFs in the Works
The proposed Bitcoin‑Ether ETF is not the only digital asset initiative from Trump Media. Earlier this month, NYSE Arca also filed for the listing of the Truth Social Bitcoin ETF, focusing exclusively on bitcoin investments.
These offerings are part of Trump Media & Technology Group’s larger foray into digital assets. In tandem, the company announced plans to repurchase up to $400 million worth of its shares and revealed a $2.32 billion private placement last month, aimed at funding the establishment of its own bitcoin treasury.
Why This Matters for Investors
With these moves, Trump Media aims to cement its role as an innovator in the intersection of traditional markets and the digital asset space. As bitcoin and ether ETFs move closer to reality, both retail and institutional investors could gain new avenues for participating in the growing crypto market — making this one of the biggest crypto‑investment stories of the year.
