The media company of the president of the United States, Donald Trump, is accelerating his cryptography game.
The New York Stock Exchange requested a rule change on Tuesday that would allow it to list the social truth Bitcoin and Ethereum ETF, a double asset fund proposed last week by Trump Media and Technology Group.
If approved, the ETF would contain Bitcoin BTC and Ether Eth in a 3: 1 relationship and would be guarded and executed by Crypto.com, which also serves as a liquidity provider of the fund.
The presentation, made under the 19B-4 process of the SEC, marks a key procedure step towards public trade but does not guarantee approval.
It occurs less than a month after Trump Media said he would raise $ 2.4 billion to build his own BTC treasure, although so far there have been purchases announced.
Beyond the presentations of Social Social ETF, Trump Media and Yorkville are planning a complete set of political brand cryptographic products, including the Bitcoin First America First Fund, the Fund for Leaders of America First Blockchain and the Establishment Income Fund of America CRACS.
Only the ETFs of the brand of truth have formally filed before the SEC so far.
Read more: the social archives of the truth of Donald Trump for Dual Bitcoin and Ether ETF
