The New York Stock Exchange (NYSE) has proposed a rule change to list a new ETF. This ETF is from Trump crypto Media and Technology Group, which will track both Bitcoin and Ethereum.
According to the report filed with the SEC (Securities and Exchange Commission) on June 24, this ETF will trade under the ticker symbol B.T. 75% of this fund will be invested in Bitcoin and 25% in Ethereum.
This is another strong step in the world of crypto from Trump Media. A few weeks ago, they also filed for an ETF based solely on Bitcoin, and also discussed a $2.4 billion Bitcoin treasury plan.
According to the filing, Foris DAX Trust Company will hold the fund’s Bitcoin and Ethereum in secure cold storage. Crypto will handle the fund’s trades, manage staking, and provide liquidity to keep everything running smoothly.
The SEC is now looking a little more open to crypto, especially under the Trump administration. But the filing alone does not mean the ETF has been approved.
If approved, the ETF will trade on the NYSE Arca. This will allow both normal investors and large institutions to easily invest in Bitcoin and Ethereum through their brokerage accounts.
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New Dual Crypto ETF Shakes Up the Market
If approved, the Trump crypto ETF will become part of a handful of funds that offer exposure to both Bitcoin and Ethereum, and their numbers are slowly growing.
There are currently only three such ETFs available in the United States:
- Franklin Templeton’s EZPZ fund allocates by market cap: approximately 82% to Bitcoin and 18% to Ethereum.
- Bitwise’s BTOP fund offers an equal 50/50 distribution between Bitcoin and Ethereum futures.
- Hashdex’s Nasdaq Crypto Index US ETF also offers mixed exposure, with approximately 80% exposure to Bitcoin and 20% to Ethereum.
Trump’s Crypto ETF May Change Investing
The price of Bitcoin has started increasing again. In the last 24 hours it has increased by more than 1.5% and reached above $106,600. The reason for this is the return of interest of big investors and a slight reduction in tensions in the world.
Ethereum has also increased by about 1.3% and is now trading around $2,435. This increase has come due to funds focusing on ETH and new system upgrades.
Why this matters
The inclusion of Ethereum along with Bitcoin in the Trump crypto ETF shows that Ethereum has also become an important digital asset. Through this ETF, investors can invest in both cryptocurrencies, Bitcoin and Ethereum – through a single fund. This is a signal that the market interest is not limited to Bitcoin alone.
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