US President Donald Trump’s media company speeds up his crypto game.
New York Stock Exchange requested a rule change on Tuesday that would enable it to list The Truth Social Bitcoin and Ethereum ETF, a double stock fund proposed just last week by Trump Media and Technology Group.
If approved, ETF would contain Bitcoin BTC and Ether ETH in a ratio of 3: 1 and be deposited and performed by crypto.com, which also acts as the fund’s liquidity provider.
The archiving, done during the SEC’s 19B-4 process, marks a central procedural step towards public trade but does not guarantee approval.
It comes less than a month after Trump Media said it would raise $ 2.4 billion to build its own BTC state box, although no purchase has been announced so far.
In addition to truth social ETF archives, Trump Media and Yorkville are planning a full package of politically branded crypto products, including America First Bitcoin Fund, America First Blockchain Leaders Fund and America First StableCecoin Income Fund.
Only the truth -burned ETFs are formally filed for SEC.
Read more: Donald Trump’s Truth Social Files to Double Bitcoin and Ether Etf