Trump Media Files to Launch Truth Social Bitcoin and Ethereum ETF

Trump Media and Technology Group, through a partner company of Yorkville America Digital, has endured SEC to launch a common bitcoin and Ethereum etf, he states Monday.

Subject proposes a 75% share ratio Bitcoin and 25% Ethereumwith a crypto.com who acts as a guardian, an execution agent and a liquidity provider.

“The launch of social bitcoin and the Ethereum etf awaits the effectiveness of the registration statement, as well as the approval of the form of the 19B-4 form with SEC. After launching, the shares will be listed on the NYSE Arca,” the Trump media statement said.

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

As is the application, the Fund is registered as a business trust in Nevada, not as legal trust in Delaware, as well as many 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 of the social bitcoin etf and the truth of the social bitcoin and the Ethereum etf have a sec they endure.

The latest application perfects the growing Entwinement Trump Media and Technology Group with cryptocurrencies. At the end of May that collected $ 2.4 billion To start your own bitcoin treasury, although the company has yet to publish the BTC acquisition.

Previously, President Trump – which manages websites on social networks, Truth Social, Platform for Structures called Truth+and a brand of financial technology called True.fi—Corded to be able to launch his your own wallet and token.

Furthermore, Trump’s family has become related to various crypto projects as the president’s administration opens ups to industry.

Known, the president launched Official coin for meme On the blockchain of Solane in January, just a few days before his inauguration. Before that was the launch of the Ethereum Define Protocol World Liberty Financial, who has since launched his Own Token to Manage and Stabblecoin.

The president’s sons, especially Eric and Donald JR, also had a large hand in the cryptum industry. The couple supported Bitcoin mining firm American Bitcoin And each has to do with Trump’s media and the world’s Liberty Financial, among other crypto ventures.

A new discovery shows that the president is earned over $ 57 million from World Liberty FinancialNote that further crescendos criticisms of two -party laws about his cryptocurrencies.

Trump Media and Technology Group (DJT) shares are reduced by almost 2% a day at $ 19.18.

Edited Andrew Hayward