Trump Media and Technology Group (DJT) has filed a registration with the Securities and Exchange Commission (SEC) to launch a dual Bitcoin and Ethereum exchange-traded fund (ETF). The proposed ETF will allocate 75% of its capital to Bitcoin and 25% to Ether, with expected holdings of approximately $106,999.95 for Bitcoin and $2,634.25 for Ether. Singapore-based Crypto.com is designated as the custodian and liquidity provider for the ETF.
This filing follows earlier hints from Trump Media about launching a Bitcoin ETF, alongside a standalone registration for a spot Bitcoin ETF earlier this month. The desire to include Ether aligns with the Trump family’s previous ventures in cryptocurrency, including the DeFi project World Liberty Financial which reportedly has 96% of its assets on the Ethereum blockchain, as noted by Arkham data.
If the SEC approves this application, the fund will enter a competitive market of crypto ETFs, joining notable names like BlackRock, Grayscale, and Fidelity. Currently, Bitcoin ETFs manage around $131 billion in assets, highlighting strong investor interest in this sector.
This filing follows earlier hints from Trump Media about launching a Bitcoin ETF, alongside a standalone registration for a spot Bitcoin ETF earlier this month. The desire to include Ether aligns with the Trump family’s previous ventures in cryptocurrency, including the DeFi project World Liberty Financial which reportedly has 96% of its assets on the Ethereum blockchain, as noted by Arkham data.
If the SEC approves this application, the fund will enter a competitive market of crypto ETFs, joining notable names like BlackRock, Grayscale, and Fidelity. Currently, Bitcoin ETFs manage around $131 billion in assets, highlighting strong investor interest in this sector.
