Trump Media's Bitcoin and Ethereum ETF Approved by SEC

Cryptos: 21,330
Exchanges: 1,863
Market Cap: $3.86T 0.16%
24h Vol: $301,129,455,827 16.79%
Dominance: BTC: 60.2% ETH: 11.6%
Gas: 0 GWEI

Connect

Crypto News Market News

Trump Media’s Bitcoin and Ethereum ETF Enters SEC Approval Process

Written by Aaron S.,

Editor-In-Chief

Last Updated: July 08, 2025

Key Takeaways

The SEC has begun reviewing Trump Media & Technology Group’s proposal for a Bitcoin and Ethereum ETF;
The fund would hold 75% Bitcoin and 25% Ethereum, which would offer exposure via NYSE Arca shares;
Foris DAX Trust Company will custody the assets offline, with Yorkville America Digital managing the fund.

Ace quick missions & earn crypto rewards while gaining real-world Web3 skills. Participate Now! 🔥

Trump Media’s Bitcoin and Ethereum ETF Enters SEC Approval Process

BITDEGREE IN YOUR SOCIAL FEED

The US Securities and Exchange Commission (SEC) has acknowledged an application from the parent company of Truth Social Trump Media & Technology Group to launch a new exchange-traded fund (ETF) tied to Bitcoin BTC $116,888.05 and Ethereum ETH $3,729.53 .

This step starts the formal review process, during which the SEC must decide whether to approve or reject the proposal.

The fund aims to give investors access to Bitcoin and Ethereum through shares listed on the NYSE Arca exchange. According to a July 7 filing, about three-quarters of the fund’s assets would be held in Bitcoin, with the rest in Ethereum.

How to Store NFTs in 2023 (3 Most Secure Ways Explained)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

This structure would let investors gain exposure to both cryptocurrencies without having to own them directly.

Foris DAX Trust Company, which operates under the Crypto.com $3.25B brand, is named as the custodian. It will keep the Bitcoin and Ether in separate accounts from other clients, and the private keys for these assets will be stored offline to reduce security risks.

Yorkville America Digital is listed as the sponsor, responsible for managing the fund and overseeing its operations.

The Bitcoin portion will use the CME CF Bitcoin reference rate, which averages trade data from several large crypto exchanges. The Ethereum portion will utilize a similar CME CF reference rate unless the sponsor decides to employ a different method.

Recently, a crypto firm linked to President Donald Trump and his family, World Liberty Financial (WLFI), has taken action against an unofficial Trump-branded crypto wallet. What did the company say? Read the full story.