trump Media Seeks Approval for Dual-Crypto ETF on NYSE Arca
Trump Media and Technology Group Corp, the operator of Truth Social, has taken a significant step towards launching a new crypto ETF. The company has filed a Form 19b-4 to list the Truth Social Bitcoin and Ethereum ETF on NYSE Arca.
Trump Media and Technology Group Corp has filed a Form 19b-4 with the SEC to list a new ETF on NYSE Arca. The ETF, under the ticker symbol B.T., will hold 75% Bitcoin and 25% Ethereum.
This ETF is designed as a commodity-based trust. Yorkville America Digital will sponsor it, and Foris DAX Trust Company, a Crypto.com affiliate, will act as the custodian. The goal is to offer a simple way for investors to access thes top digital assets.
For retail and institutional investors, this ETF will provide access to spot bitcoin and Ethereum markets through customary brokerage platforms. The filing follows a previous declaration about a registration statement on Form S-1 with the SEC. The S-1 covers details needed for a public offering, while the 19b-4 seeks regulatory approval for listing and trading on a national securities exchange.
Both forms are necessary before the ETF can launch. The fund’s bitcoin and Ethereum holdings will be stored in cold storage by Foris DAX Trust Company. Crypto.com will also serve as the execution agent and provide staking and liquidity services.
With the 19b-4 now submitted, the SEC will review it. The Commission has up to 240 days to make a final decision. This is Trump Media’s second crypto ETF proposal.The earlier proposal, filed June 3 via NYSE Arca, seeks to list the Truth Social Bitcoin ETF, a spot product focused solely on Bitcoin.
