U.S. President Donald Trump’s media firm is accelerating its crypto play.
The New York Inventory Trade filed for a rule change on Tuesday that will allow it to checklist the Fact Social Bitcoin and Ethereum ETF, a dual-asset fund proposed just last week by Trump Media and Technology Group.
If accepted, the ETF would maintain bitcoin BTC and ether ETH in a 3:1 ratio and be custodied and executed by Crypto.com, which additionally serves because the fund’s liquidity supplier.
The submitting, made below the SEC’s 19b-4 course of, marks a key procedural step towards public buying and selling however doesn’t assure approval.
It comes lower than a month after Trump Media stated it might raise $2.4 billion to construct its personal BTC treasury, although there have been no introduced purchases to this point.
Past the Fact Social ETF filings, Trump Media and Yorkville are planning a full suite of politically branded crypto merchandise, together with the America First Bitcoin Fund, the America First Blockchain Leaders Fund, and the America First Stablecoin Revenue Fund.
Solely the Fact-branded ETFs have been formally filed with the SEC to this point.
Learn extra: Donald Trump’s Truth Social Files for Dual Bitcoin and Ether ETF