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Trump Media, the company backed by the family of the US president, has filed for a Bitcoin and Ethereum ETF (exchange-traded fund), taking it deeper into mainstream crypto.
The proposed ETF, now under formal review by the Securities and Exchange Commission (SEC), would allocate 75% of its holdings to Bitcoin and 25% to Ethereum.
Shares would trade on NYSE Arca, giving investors exposure to the two largest cryptocurrencies without directly holding the assets.
The filing emphasizes that the fund’s shares are not exact equivalents of BTC and ETH, but instead offer a “more familiar” route for investors seeking regulated crypto exposure.
The SEC has officially acknowledged Trump Media’s spot Bitcoin ETF filing, tied to $DJT
It’s now under formal review.
If approved, it would list on NYSE Arca and hold actual $BTC https://t.co/ASRMjedKfH pic.twitter.com/PgTmr2GVnP
— Milo (@milocredit) July 7, 2025
Trump Media ETF May Stake Ethereum
Trump Media also said it may stake the ETF’s Ethereum holdings to generate additional income, pending compliance and internal risk evaluations.
Shares for the proposed fund will be issued in “baskets” of 10,000, “or integral multiples thereof,” the filing added. Only “Authorized Participants” can initiate the creation or redemption of these baskets.
“Each Authorized Participant must be a registered broker-dealer, a participant in Depository Trust Company (“DTC”), have entered into an agreement with the Sponsor and be in a position to transfer cash to, and take delivery of cash from, the Cash Custodian through one or more accounts,“ the filing said
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