Trump Media Files for a Mixed BTC and ETH Spot ETF with the SEC

According to Jinse Finance, Trump Media and Technology Group Corp. (NASDAQ, exchange code: DJT) announced today that it has submitted an initial S-1 registration statement (the “registration statement”) for the Truth Social Bitcoin and Ethereum ETF to the U.S. Securities and Exchange Commission. This ETF will directly hold Bitcoin and Ethereum, with 75% of its assets invested in Bitcoin and 25% in Ethereum, and will issue shares (the “shares”) to investors, aiming to reflect the price performance of Bitcoin and Ethereum. The exchange will serve as the exclusive Bitcoin and Ethereum custodian, primary execution agent, as well as staking and liquidity provider for the ETF. The launch of the Truth Social Bitcoin and Ethereum ETF is subject to the effectiveness of the registration statement and approval of the 19b-4 form submitted to the U.S. Securities and Exchange Commission. Upon listing, its shares will be traded on the exchange’s Arca platform. Yorkville America Digital will act as the sponsor of the ETF.