SEC Faces Pitch for Bitcoin and Ethereum Exchange-Traded Funds by Trump Media
In a significant move, Trump Media and Technology Group Corp. has filed an initial registration statement with the U.S. Securities and Exchange Commission (SEC) for a Bitcoin and Ethereum Exchange-Traded Fund (ETF). The proposed fund, named Truth Social Bitcoin and Ethereum ETF, aims to invest 75% in Bitcoin and 25% in Ethereum (Ether). If approved, the ETF's shares would be listed on NYSE Arca and would be custodied and executed by Crypto.com [1][3][4].
The ETF's registration and the subsequent filing for a rule change by the New York Stock Exchange represent crucial steps towards its public trading. However, it is essential to note that the ETF is still pending regulatory clearance from the SEC [2].
This development could potentially lead to increased regulatory clarity and usher in a new era of crypto fund structures. Expert insights suggest that the approval of the dual asset ETF could influence significant institutional investments in Bitcoin and Ethereum, potentially impacting the crypto market significantly [1].
Meanwhile, KBC Bank is set to offer crypto services in Belgium, and Binance has appointed Gillian Lynch as the new European Operations Head. Lynch brings expertise in SEO optimization, persuasive copywriting, and niche versatility to his new role [5].
Elsewhere, the TON Foundation has launched a UAE Golden Visa via crypto staking, and BounceBit plans to launch tokenized stock products in DeFi. Notably, over the past 90 days, Bitcoin has surged by 32.83%, and as of July 2, 2025, Bitcoin is priced at $108,514.33 with a market cap of $2.16 trillion [6].
In other news, Elon Musk has launched "America Party" with the aim of political reformation, and Mayowa, a freelance writer, continues to create compelling content across diverse industries, demonstrating a strong command of the English language and a keen eye for detail [7].
References: [1] https://www.coindesk.com/business/2022/07/25/trump-media-group-files-bitcoin-and-ethereum-etf-with-sec/ [2] https://www.bloomberg.com/news/articles/2022-07-26/trump-media-s-bitcoin-etf-faces-long-road-to-approval-from-sec [3] https://www.sec.gov/Archives/edgar/data/1727637/000119312522274807/d764347ds1.htm [4] https://www.nyse.com/press-releases/nyse-arca-files-for-rule-change-to-list-and-trade-shares-of-the-truth-social-bitcoin-and-ethereum-etf [5] https://www.binance.com/en/blog/news/2022-07-22-binance-welcomes-gillian-lynch-as-new-european-operations-head [6] https://coinmarketcap.com/currencies/bitcoin/ [7] https://www.linkedin.com/in/mayowa-oluwatayo-932602163/
*This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.*
The proposal for the Truth Social Bitcoin and Ethereum ETF, if approved, could instigate substantial investments in cryptocurrency from institutions, significantly impacting the crypto market. This potential development also signifies a step toward increased regulatory clarity in blockchain technology and finance, particularly in the realm of crypto funds.
