SEC Greenlights Review of Trump-Linked Bitcoin and Ethereum ETF
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The SEC has officially opened the door to a potential Bitcoin and Ethereum ETF tied to Trump Media’s Truth Social platform, marking a significant milestone in the fund’s path to market.
If approved, the ETF would give investors a 75/25 split between Bitcoin and Ether, traded on NYSE Arca. Crypto.com will handle custody, with Yorkville America Digital managing the fund.
The move comes as the SEC faces mounting pressure to approve crypto ETFs and is reportedly working on a more efficient approval system. Truth Social’s fund will peg its Bitcoin value to the CME CF reference rate, while Ether’s pricing may be adjusted at the sponsor’s discretion.
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