Trump's Truth Social is application for Bitcoin and Ethereum ETF

For the introduction of a Bitcoin and Ethereum ETFS, Truth has submitted an application to the US stock exchange supervision (SEC). If the fund is approved, it would be the first ETF of its kind that is directly connected to the media conglomerate of a US president.

The planned Truth Social Bitcoin and Ethereum ETF will invest 75% of its assets in Bitcoin and 25% in ether. The Nyse Arca will hold the ETF lists and these two cryptocurrencies. This agreement offers investors an uncomplicated, controlled method of increasing their commitment without having to deal with digital wallets or private keys by regularly monitoring the market development of both coins.

Crypto.com acts as an exclusive storage and main execution agent of the ETF, which manages the trade execution and ensures the security of the underlying assets. In addition, Crypto.com will offer operational and liquidity services for an important US ETF for the first time.

Trump Media continues to grow in Krypto

ETF registration is only the youngest in a series of crypto campaigns by Trump Media. At the beginning of the year, the company announced that the Truth.Fi platform announced $ 250 million in various cryptocurrencies and digital projects invest becomes. President Trump's personal financial statements show that he achieves significant income from cryptocurrency activities. This indicates that he tries to reconcile his company interests with the booming market for digital assets.

The Trump government and the congress thus signal their growing support for the cryptocurrency industry. It is also expected that new laws will continue to legitimize digital assets and promote institutional commitment.

The registration declaration and the associated documents are now checked by the SEC, a procedure that can take many months. The Trump Media is not only a remarkable success for Trump Media, but would also consolidate the place of digital assets in the financial world.

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