NYSE Files for Rule Change to List Trump Bitcoin Ethereum ETF

On Tuesday, the New York Stock Exchange filed a proposed change of rules to allow the ETF list from Trump Media & Technology Group, which would follow Bitcoin and Ethereum, according to SEC submission.

AND login It only comes eight days after Trump’s media, Through partnership with Yorkville America, submitted Prospectus for the truth of Social Bitcoin and Ethereum etf, which would have 75% Bitcoin and 25% Ethereum holdings ratio.

“The exchange believes that the proposed change of rules is designed to prevent false and manipulative works and practices in the fact that the shares will be stated and traded on the exchange according to the initial and continued criteria of including NYSE,” SEC writes.

Crypto.com will act as a guardian, agent for execution and liquidity provider.

The so-called changes of the 19B-4 rules are an important step in the regulatory process of considering the ETF, but do not oblige the DIP to approve the product.

This is coming because the agency’s relationship with crypto with investments has turned to a more favorable attitude under the new administration.

President Donald Trump has appointed supporters of cryptocurrencies into a higher management of regulator Echelon, who shares his recent positions on digital property.

Subject is not the first relationship between Trump’s media and Yorkville, which previously sponsored to report the subject For an independent Bitcoin ETF in early June, it was named Social Bitcoin ETF.

In addition to these two submissions, the couple and the KRIPTO.com aim to offer an apartment of the “American First” product, such as the US FIRST Bitcoin (AFBF) Fund, the Blockchain of America leaders (AFBLF) and the FIRST STABLECOIN fund.

To date, only the truth are social bitcoin etf and the truth of social bitcoin and Ethereum etf endured sec.

The truth of Social Bitcoin and the Ethereum Fund further draws the Trump media with cryptocurrencies.

At the end of May that collected $ 2.4 billion To start your own bitcoin treasury, although the company has yet to announce any acquisitions in the world’s largest digital property.

Trump Media manages the website of social media Truth Social, Platform for Structuring Truth+and the Financial Technology brand called True.fi. President Trump is a majority shareholder at the company.

Bitcoin recently traded at $ 106,000, which is 0.5% in the last 24 hours, according to Coingecko.

Over the weekend, it fell below $ 100,000, the first time since the beginning of May after the US bombed Iran before they recovered while hostilities were extinguished.

Ethereum changed his hands of approximately $ 2,440, which is about 1.1% from Monday.

Edited Sebastian Sinclair