#TrumpMedia $BTC and $ETH ETF Gets #SEC Acknowledgment for Review Process


The Securities and Exchange Commission has accepted Trump Media's application for a combined $BTC and $ETH exchange-traded fund.


The proposed fund would offer 75% allocation to Bitcoin and 25% allocation to $ETH through NYSE Arca-listed shares.


Yorkville America Digital will act as the fund's sponsor for operations.


Truth Social filed the initial S-1 form with the $SEC on June 16 for the dual cryptocurrency ETF structure.


The fund's net asset value will be calculated daily using CME CF $BTC and $ETH reference rates from major exchange data.


#Cryptocurrency custody will be maintained in separate accounts from other customers with private keys stored in cold storage.


The acknowledgment comes amid reports the #SEC is exploring simplified #ETF listing structures for cryptocurrency products.


Meanwhile, the SEC has delayed Fidelity's proposed $SOL ETF decision while opening new public comment periods.


Bloomberg analyst James Seyffart views recent SEC interactions with issuers as positive signs of regulatory movement.


The regulator is reportedly asking $SOL ETF ssuers to amend and refile applications by month-end for continued review.

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July 08, 2025 at 2:39 PM
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