NYSE applies for rule change to support Truth Social’s BTC-ETH ETF listing

Odaily News The New York Stock Exchange (NYSE) has filed a rule change application to support the listing of the Truth Social Bitcoin and Ethereum ETF proposed by Trump Media & Technology Group. If approved, the ETF will hold Bitcoin and Ethereum in a 75:25 ratio, with Crypto.com serving as the custodian and liquidity provider.
The application was submitted through the 19b-4 procedure of the U.S. Securities and Exchange Commission (SEC), which is an important procedural step for ETFs to be publicly traded, but does not guarantee final approval. Previously, Trump Media announced plans to raise $2.4 billion to establish a Bitcoin reserve, but has not yet announced specific purchase plans. Earlier news, NYSE Arca has submitted 19b-4 application documents for Truth Social Bitcoin and Ethereum ETFs. (CoinDesk)