NYSE ARCA, the digital division of the New York Stock Exchange, has filed a proposed rule change proposal with the Securities and Exchange Commission (SEC) to list and trade stocks in Truth Social Bitcoin and Ethereum ETFs. According to the 19-B4 form, the proposed ticker symbol for the ETF is BT.
The SEC review process begins after the 19B-4 form is listed on the Federal Register. This can take just 45 days or extend up to 240 days.
The dual ETFs are designed to track Bitcoin (BTC) and Ethereum (ETH) price performance. It is trying to provide investors with a regulatory way to gain exposure to the two biggest cryptocurrencies without having to own them directly, manage digital wallets, or deal with cryptocurrency exchanges.
“As per provisions of Section 19(b)(1) of the Securities Exchange Act 1934, we list the amendments (“Act” or “The ’34 Act” or “Exchange Act”) and two NYSE ARCA, INC. (“NYSE ARCA” or “Exchange”) proposals and “Exchange” 8.201 bitCha Row areas, and read “Exchange” proposals and “Exchange” proposals and “Exchange” ETF, BT (“Trust”), filing.
The most recent submission will be made one week after the Form S-1 Registration Statement is filed with the SEC. According to filing, the true social bitcoin and Ethereum ETFs initially have a 3:1 ratio of Bitcoin and Ethereum Holdings.
This means that in every unit of ETH held, the trust holds about three times its amount in BTC. However, Sponsor has the discretion to adjust this allocation over time.
“The purpose of the trust is to own Bitcoin and ether that have been transferred to the trust in exchange for the shares issued by the trust. Each share represents an undivided beneficial benefit on the trust’s net assets,” S-1 states.
Additionally, Cryptocurrency Exchange Crypto.com is a custodian, prime execution agent, and liquidity provider. The licensors for Bitcoin and Ethereum ETF are Trump Media and Technology Group Corp.
The entity runs the true social media platform. Meanwhile, Yorkville America Digital is a sponsor of ETF.
In particular, this is Truth Social’s second ETF submission, demonstrating a positive driving force to diversify its portfolio beyond social media. Earlier this month, NYSE ARCA filed a 19B-4 to list the true Bitcoin ETFs. The SEC must determine this BTC ETF until January 29th, 2026.
In late May, Trump Media announced plans to buy $2.3 billion in Bitcoin for the Treasury Department. However, the company has not yet purchased it. Still, this reflects TMTG’s commitment to digital assets.
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