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NYSE Tweaks Rule to List Trump Media's Bitcoin-Ethereum ETF
Trump Media’s BTC-ETH fund pushes deeper into crypto as NYSE files rule change and political backing grows.
Updated Jun 25, 2025, 7:25 a.m. Published Jun 25, 2025, 7:05 a.m.
What to know:
- The New York Stock Exchange has filed for a rule change to list the Truth Social Bitcoin and Ethereum ETF proposed by Trump Media & Technology Group.
- If approved, the ETF would hold bitcoin and ether in a 75:25 ratio, with Crypto.com as the custodian and liquidity provider.
- Trump Media plans to introduce a range of politically branded crypto products, although only the Truth-branded ETFs have been formally filed with the SEC.
U.S. President Donald Trump’s media company is accelerating its crypto play.
The New York Stock Exchange filed for a rule change on Tuesday that would enable it to list the Truth Social Bitcoin and Ethereum ETF, a dual-asset fund proposed just last week by Trump Media and Technology Group.
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If approved, the ETF would hold bitcoin and ether in a 3:1 ratio and be custodied and executed by Crypto.com, which also serves as the fund’s liquidity provider.
The filing, made under the SEC’s 19b-4 process, marks a key procedural step toward public trading but doesn’t guarantee approval.
It comes less than a month after Trump Media said it would raise $2.4 billion to build its own BTC treasury, though there have been no announced purchases so far.
Beyond the Truth Social ETF filings, Trump Media and Yorkville are planning a full suite of politically branded crypto products, including the America First Bitcoin Fund, the America First Blockchain Leaders Fund, and the America First Stablecoin Income Fund.
Only the Truth-branded ETFs have been formally filed with the SEC so far.
Read more: Donald Trump's Truth Social Files for Dual Bitcoin and Ether ETF
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