Trump Media and Technology Group (DJT) has requested to indicate a truth Social Bitcoin and Ethereum Exchange Traded Fund (ETF) Monday.
Etf will contain Bitcoin
And ether directly with 75% of capital awarded to Bitcoin and the remaining 25% to Ether, according to a filing at Securities and Exchange Commission (SEC).
Singapore-based Exchange Crypto.com will act as ETF’s depot manager as well as taking and liquidity provider. Trump Media and Technology Group signaled its intention to issue an ETF earlier this month as it made an independent registration a spot Bitcoin ETF.
The inclusion of ether is to preserve with the crypto activity of the Trump family; The World Liberty Financial, the DEFI project, which is supported by the family, owns 96% of the assets at Ethereum Blockchain, Arkham Data shows.
If approved, the fund would join a long list of crypto -Tfs, including those managed by Blackrock, Grayscale, Fidelity and Franklin Templeton. Bitcoin ETFs alone have $ 131 billion in assets under management.
Read more: Trump’s Truth Social takes the next step in the launch of Spot Bitcoin Etf