Trump Media Proposes Bitcoin and Ethereum ETF to SEC

Trump Media and Technology Group Corp. has submitted a registration statement for a Bitcoin and Ethereum ETF to the U.S. Securities and Exchange Commission as of July 2, 2025.

The move could deepen institutional involvement in crypto, pending approval without immediate market response from Bitcoin and Ethereum.

Trump Media’s ETF Could Pave the Way for Institutional Crypto

Trump Media and Technology Group Corp. (Nasdaq, NYSE: DJT) has made a significant move by submitting the initial registration statement for its Truth Social Bitcoin and Ethereum ETF. The fund will allocate 75% of its assets to Bitcoin, with the remaining 25% directed towards Ethereum. Crypto.com will handle custody and trades.

Pending SEC approval of the registration and the 19b-4 form, the ETF’s shares will trade on NYSE Arca. The approval process is yet to visibly impact Bitcoin or Ethereum prices, though it has the potential to influence significant institutional investments in these cryptocurrencies if approved.

Market reactions have been muted, with no significant statements from major industry players or regulatory bodies released at the time of writing. Crypto.com’s role as the custodian signifies a deepening relationship between traditional markets and crypto platforms, which could become more apparent following regulatory decisions.

Anticipating SEC Approval: Market and Institutional Reactions

Did you know? The introduction of a spot Bitcoin and Ethereum ETF attempts to set a new precedent in the U.S. ETF market, potentially increasing institutional allocations to BTC and ETH, similarly to how spot ETFs approvals have impacted individual cryptocurrencies’ market flows before.

According to CoinMarketCap, as of July 2, 2025, Bitcoin (BTC) is priced at $108,514.33, with a market cap of $2.16 trillion. Over the past 90 days, BTC has surged by 32.83%. Ethereum (ETH) accounts for a smaller share with a designated allocation of 25% in the ETF.

Expert insights from the Coincu research team indicate that approval of the dual asset ETF could lead to increased regulatory clarity and potentially usher in a new era of crypto fund structures. Investment trends suggest retail and institutional interests might shift depending on regulatory developments.

“No public statements or tweets as of the latest report indicating his direct involvement with the ETF initiative.” – Donald J. Trump, Founder, Trump Media & Technology Group Corp.