Trump media files for Bitcoin-Ethereum ETF amid crypto expansion
Trump’s media company has filed to launch a Bitcoin and Ethereum ETF, raising questions over potential conflicts as he promotes crypto while in office.
Trump Media & Technology Group, led by President Donald Trump, has submitted a registration to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) that will directly hold Bitcoin and Ethereum. The proposed Truth Social Bitcoin and Ethereum ETF plans to allocate 75% to Bitcoin and 25% to Ethereum, offering investors exposure to both cryptocurrencies through a single product.
Crypto.com has been appointed as the ETF’s exclusive custodian, prime execution agent, and provider of staking and liquidity services. The ETF’s launch is…
