Trump Media & Technology Group has filed with the SEC to launch the Truth Social Bitcoin and Ethereum ETF, designed to hold 75% Bitcoin and 25% Ether. Once approved, the shares will be traded on NYSE Arca. Crypto.com will manage the ETF, and it operates as a Nevada business trust exempt from traditional mutual fund regulations. This move marks Trump Media's expansion into digital assets, aiming to strengthen its presence beyond social media.
The launch of the Truth Social Bitcoin and Ethereum ETF is pending effectiveness of the Registration Statement as well as approval of a Form 19b-4 filing with the SEC.
The ETF is not registered under the Investment Company Act of 1940, which typically governs mutual funds, allowing it more operational flexibility.
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