Trump Media files for groundbreaking Bitcoin and Ethereum ETF

Trump Media & Technology Group (TMTG), the operator of Truth Social, has filed with the SEC on June 16 to launch an ETF tracking Bitcoin (75%) and Ethereum (25%). The ETF, a passive investment vehicle, aims to mirror the prices of these cryptocurrencies and may include Ethereum staking rewards. TMTG has partnered with Crypto.com for custody and trading support, and Yorkville America Digital will sponsor the ETF, which awaits SEC approval for listing on NYSE Arca. Despite the filing, TMTG’s stock dipped 2% to below $20. This move aligns with TMTG’s shift toward digital finance, including a $2.3 billion Bitcoin Treasury deal and plans for additional TMTG-branded ETFs blending digital and traditional assets. Show Less