Trump Media’s ‘Truth Social Bitcoin and Ethereum ETF’ under SEC review

2025/07/08 20:07

Trump Media’s application to list and trade shares of its Truth Social Bitcoin and Ethereum ETF is currently being reviewed by the U.S. SEC as of July 8.

A recent filing showed that the U.S. Securities and Exchange Commission has accepted the application for a Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund. Truth Social first lodged its S-1 form with the SEC for the crypto ETF that holds both Bitcoin and Ethereum on June 16.

According to the filing, the ETF is meant to offer investors exposure to the two largest cryptocurrencies by market cap, Bitcoin and Ethereum. Investors will be able to gain exposure through NYSE Arca shares backed by the two crypto assets.

The filing proposes that the ETF will have a 75% portion allocated to Bitcoin and 25% linked to Ether. The custodian for the fund will be Crypto.com, also known as Foris DAX Trust Company. Meanwhile, the fund’s sponsor will be asset management firm Yorkville America Digital.

If approved, Trump Media vows to evaluate each portion of its ETF based on CME CF reference rates. This means that the three-quarter portion of Bitcoin will be calculated based on aggregated trade data from multiple major crypto exchanges. The same can be said about the Ether share of the fund.

However, Trump Media also notes that this is subject to change, based on the fund sponsor’s judgement which requires “sole discretion.”

Earlier today, the SEC reportedly asked asset managers applying for spot Solana (SOL) exchange-traded funds to re-submit Forms S-1 before the end of July. Analysts such as Bloomberg’s James Seyffart have long doubted the possibility of the SEC approving another SOL ETF.

Earlier this year, the SEC gave the green light for the listing and trading of the REX-Osprey SOL and Staking ETF. The fund, traded under the ticker SSK and the first-ever staking ETF in the U.S., saw about $33 million in volume and $12 million in inflows on its debut.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

WzrdBot Launches Next-Generation Automated Trading Platform to Help Crypto Traders Secure Consistent Profits in Unpredictable Markets

WzrdBot Launches Next-Generation Automated Trading Platform to Help Crypto Traders Secure Consistent Profits in Unpredictable Markets

In a bold move to revolutionize the way crypto traders navigate today’s chaotic markets, WzrdBot announces the official launch of its cutting-edge AI-powered copy trading bot. Designed specifically for traders seeking consistent returns without the need to manually monitor the markets, WzrdBot introduces an automated front-running strategy that capitalizes on real-time institutional order flow and delivers unmatched performance even in volatile or bearish conditions. The launch comes at a critical time. Since 2023, the crypto market has been plagued by false rallies, failed narratives, and retail traders stuck holding dead-end altcoins. The long-awaited bull run has yet to materialize, leaving many portfolios underwater and investor sentiment at a historic low. Amidst this landscape, WzrdBot offers a tangible solution: a fully automated system that turns professional-grade trading strategies into daily passive income for users without requiring any manual intervention. A Problem No One Wants to Admit The reality of today’s crypto market is harsh. Most retail traders are chasing memes, AI tokens, and speculative narratives, only to suffer losses due to poor timing, overleveraged positions, or simply holding the wrong assets too long. The traditional four-year market cycle is no longer a reliable framework. With over 3 million altcoins launched in the past two years and institutional dominance on the rise, capital rotation has become increasingly difficult to navigate. “Retail traders are no longer playing a fair game,” said a spokesperson for WzrdBot. “The tools and data that institutions use have left the average trader behind. We built WzrdBot to bridge that gap.” WzrdBot: A New Standard in Smart Crypto Trading WzrdBot is more than just a copy trading bot. It’s an intelligent system engineered to front-run large market orders using real-time on-chain analytics and centralized order book data. This allows the bot to enter and exit trades ahead of major market movements securing profits with precision and speed. Key features include: Front-Running Strategy: Instead of mirroring random traders, WzrdBot tracks and front-runs large institutional orders using real-time blockchain and order book data. Automated Risk Management: The system adjusts leverage, stop-loss, and position sizing dynamically based on market volatility protecting user capital. Consistent Daily Profit Model: Leveraging proprietary scalping algorithms, WzrdBot has been fine-tuned to generate daily profits even during market consolidation or downturns. Fully Hands-Off Automation: Once activated, WzrdBot runs 24/7 without the need for user intervention, trade approval, or ongoing monitoring. Community Wealth-Building Access: Users also receive access to exclusive growth programs, including the $100K Challenge, 2’Comma Club, advanced tax masterclasses, and passive income opportunities. Advanced AI Meets Institutional-Grade Infrastructure WzrdBot’s strength lies in its technology stack and operational resilience. The team has engineered robust backend systems that prevent overcrowding, reduce latency, and ensure consistent execution speed, factors that often derail other bots in the market. “Our biggest edge is operational discipline,” said the spokesperson. “We maintain optimized server capacity and limit network saturation. That’s how we’ve consistently delivered results, even when other bots crash under pressure.” How It Works When a whale places a large order, market prices shift. WzrdBot identifies these movements in real-time by scanning pending orders for high-volume trades. Before the large order executes, WzrdBot positions itself in the market to capitalize on the momentum. It then exits the trade with minimal slippage, mirroring its results in every user account with precision. Getting Started To begin using WzrdBot: Visit https://www.wzrdbot.com and create an account. Make a deposit. Choose a membership plan to activate automated copy trading. Earn profits daily. Request instant withdrawal at the end of your plan. WzrdBot is now live and accepting new users. With membership slots filling fast, interested traders are encouraged to secure access early.
Share
CryptoNews2025/07/08 23:47