New Chapter in Crypto Regulation: Trump’s Truth Social, Bitcoin, and Ethereum ETF Could Be Close To Approval
The post New Chapter in Crypto Regulation: Trump’s Truth Social, Bitcoin, and Ethereum ETF Could Be Close To Approval appeared on BitcoinEthereumNews.com.
Key Insights: The SEC has formally acknowledged Trump Media’s application for a dual Bitcoin and Ethereum ETF. The proposed Truth Social ETF will allocate 75% to Bitcoin and 25% to Ethereum, with Crypto.com as custodian. The SEC has also delayed Fidelity’s spot Solana ETF, but analysts see the ongoing dialogue as a positive step for crypto ETFs. The U.S. Securities and Exchange Commission (SEC) has just formally acknowledged an application from Trump Media for a dual Bitcoin and Ethereum exchange-traded fund (ETF). This move has kicked off a review period that could lead to the first crypto ETF backed by both of the world’s largest cryptocurrencies. While the fund itself is small in structure, this move could be the change that the SEC needs in how it views crypto-based financial products. Truth Social’s Ambitious Crypto ETF Proposal Trump Media Truth Social is behind the new ETF proposal. According to the proposed ETF, the company wishes to offer retail and institutional investors a way to gain regulated exposure to Bitcoin and Ethereum via shares listed on NYSE Arca. 🚨🇺🇸 TRUMP’S TRUTH SOCIAL FILES FOR “CRYPTO BLUE CHIP ETF” — INCLUDING BTC, ETH, SOL, XRP & CRO! 70% ALLOCATION TO #BITCOIN GREAT TIMES AHEAD!!!! pic.twitter.com/UVIaY6ZJCO — Crypto Jargon (@Crypto_Jargon) July 8, 2025 According to the filing, the ETF will allocate 75% of its assets to Bitcoin and the remaining 25% to Ethereum. These proportions show Bitcoin’s dominant position in the market, while also recognizing Ethereum’s relevance in areas like DeFi and smart contracts. In addition, Foris DAX Trust Company, more widely recognized as Crypto.com will act as the custodian for the fund alongside Yorkville America Digital as its sponsor. Tracking Prices Through CME Crypto Indexes One important feature of the proposed ETF is how it calculates its net asset value (NAV). …
Filed under: News - @ July 9, 2025 4:19 am