Trump News: $2.4B Crypto Push Begins with Truth Social ETF Filing

The post Trump News: $2.4B Crypto Push Begins with Truth Social ETF Filing appeared first on Coinpedia Fintech News

On Tuesday, the New York Stock Exchange (NYSE) filed a rule change to allow the listing of a new Truth Social Bitcoin and Ethereum ETF, backed by Trump Media & Technology Group. If approved, this dual-asset ETF would hold 75% Bitcoin and 25% Ethereum, making it one of the most politically branded cryptocurrency products to date.

NYSE Pushes for Truth Social ETF

The proposed ETF listing falls under the SEC’s 19b-4 rule, a common path for ETF approval. While it signals regulatory progress, it does not guarantee final approval from the Securities and Exchange Commission (SEC).

In a statement, the SEC responded:

“The Exchange believes that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices in that the shares will be listed and traded on the exchange pursuant to the initial and continued listing criteria in NYSE.”

Trump’s Bold Crypto Vision

Trump Media is ramping up efforts to establish a stronghold in the crypto space. In May, it announced a $2.4 billion raise to build its own Bitcoin Treasury.

Key projects include:

• Truth Social Bitcoin ETF
  
• Truth Social Bitcoin and Ethereum ETF
  
• America First Bitcoin Fund
  
• America First Blockchain Leaders Fund
  
• America First Stablecoin Income Fund
  

The funds aim to merge crypto investing with political branding, targeting supporters of the “America First” agenda.

Crypto.com to Serve as ETF Custodian

To manage the ETF’s infrastructure, Trump Media has partnered with Crypto.com, which will serve as the custodian, liquidity provider, and execution agent.

President Trump, who holds a majority stake in Trump Media, also oversees platforms like:

• Truth Social – Social Media
  
• Truth+ – Streaming Platform
  
• Truth.Fi – Fintech and Digital Payments
  

Final Word

While the Truth Social ETF still awaits SEC approval, the filing marks a major step in merging politics and cryptocurrency. If approved, this could signal a new era of politically-driven crypto funds entering mainstream finance.