NYSE SUBMIT APPLICATION FOR ETF Bitcoin and Ethereum of Trump Media before the SEC

NYSE introduced to the Sec Form 19B-4, related to the Truth Social Bitcoin and Ethereum ETF, Trump Media’s commitment to enter the crypto funds sector.

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• NYSE presented to the Sec an application to list the ETF of Bitcoin and Ethereum of Truth Social.
  
• The dual fund would have custody and liquidity of Crypto.com, with a proportion of 3: 1 between BTC and Eth.
  
• The initiative is part of a broader Trump Media strategy to launch crypto products.

The media company linked to President Donald Trump, Trump Media and Technology Groupadvances in your application for a quoted in the stock market (ETF) based on Bitcoin and Ethereumthis time through the documentation consigned by the New York Bag (NYSE).

According to several reports, NYSE recorded yesterday the respective request before the Bag and Securities Commission (SEC)in which it raises modification of standards and requests the list of this product in its commercial listings.

The ETF, called Truth Social Bitcoin and Ethereum ETF, would handle both assets in a proportion of 3 to 1, with Bitcoin Assuming the greatest participation of crypto funds. The fund would be managed and guarded by Crypto.com, which would also act as a liquidity provider.

A bold bet from the heart of politics

The movement occurs a few weeks after Trump Media will announce an ambitious plan to raise USD $ 2.4 billion in order to build a treasury Bitcoin. Although so far effective purchases have been revealed, the message is clear: the company seeks to position itself as a relevant force in the crypto financial ecosystem.

At that same moment, the company introduced form S-1 before the Sec To formally request an ETF Bitcoin and Ethereum in cash, which seeks to enter a market that has been quite lucrative for entities that currently operate this type of products.

The new document, consigned by NYSE on behalf of Trump Media, was presented under the process 19B-4 of the Sec, A mandatory step for the approval of new stock products. However, this presentation does not imply an immediate or safe authorization.

The Sec You must still review the proposed fund, evaluate its structure, liquidity, custody and protection mechanisms for investors. This process can be extended for several months and is not exempt from regulatory obstacles, especially considering the political nature of the issuer.

Despite this, the fact that NYSE has accepted to raise the application is a sign of legitimation to Trump Media and for its ambitions within the digital asset market.

Commitment to crypto narrative

He Truth Social Bitcoin and Ethereum ETF It is only the first step of a broader strategy. Trump Mediatogether with the firm Yorkville Advisors, It has in planning a series of financial products with explicit political narrative.

Among the proposals are the America First Bitcoin Fundhe America First Blockchain Leaders Fund and the AMERICA First Stablecoin Inome Fund. At the moment, only the products with the brand Truth have been formally presented to the Sec.

This approach reflects a deliberate attempt to connect political identity with investment tools. In a context where digital assets have become part of the cultural and economic debate in the US, Trump Media seeks to capitalize on the moment.

The relationship between politics and cryptocurrencies has been increasing, especially in an electoral year. This initiative of Trump Media It could set precedent for other political actors who want to use the crypt as an extension of its ideological platform.

In addition, if approved, this ETF would not only offer exposure to BTC and Eth In a single financial vehicle, but it would mark a milestone in the convergence between American politics and the global crypto system.

Remains to see if the Sec It will allow this experiment to advance or if it will face obstacles for its symbolic and political burden. What is clear is that the link between power, narrative and crypt is increasingly strong.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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