Trump Media & Technology Group (DJT) is closer to launching its planned Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF).
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The New York Stock Exchange (NYSE) has filed for a rule change that would enable Trump Media to list its “Truth Social Bitcoin and Ethereum ETF,” a dual-asset cryptocurrency fund, on the big board. If approved, the ETF would hold both Bitcoin and Ethereum in a 3:1 ratio and be managed by Crypto.com, which will also serve as the fund’s liquidity provider.
The New York Stock Exchange filing was made through the U.S. Securities and Exchange Commission (SEC) and marks a procedural step toward public trading but doesn’t guarantee the ETF’s approval. The filing comes less than a month after Trump Media, the company behind the Truth Social platform, said it would raise $2.4 billion to begin building a Bitcoin treasury.
Other Crypto Products
Beyond the joint Bitcoin/Ethereum ETF, Trump Media is planning to launch a full suite of politically branded cryptocurrency investment products. These include an “America First Bitcoin Fund,” the “America First Blockchain Leaders Fund,” and the “America First Stablecoin Income Fund.”
Only the proposed Bitcoin/Ethereum ETF has been filed with the SEC for approval so far. Bitcoin, the largest cryptocurrency by market capitalization, is currently trading at $107,460. So far in 2025, BTC has gained 20%.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on cryptocurrencies such as Bitcoin, so we’ll look instead at its three-month performance. As one can see in the chart below, the price of BTC has risen 20.72% in the last 12 weeks.
