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NYSE Applies for Rule Change to Support Truth Social's BTC-ETH ETF Listing
Summary: According to reports, the New York Stock Exchange (NYSE) has submitted a rule change application to support the listing of a Bitcoin and Ethereum ETF by Trump Media & Technology Group's Truth Social. If approved, the ETF will hold Bitcoin and Ethereum in a 75:25 ratio, with Crypto.com serving as the custodian and liquidity provider. ...
According to reports, the New York Stock Exchange (NYSE) has submitted a rule change application to support the listing of a Bitcoin and Ethereum ETF by Trump Media & Technology Group's Truth Social. If approved, the ETF will hold Bitcoin and Ethereum in a 75:25 ratio, with Crypto.com serving as the custodian and liquidity provider.
This application was submitted through the U.S. Securities and Exchange Commission's (SEC) 19b-4 process, a crucial procedural step for ETF public trading, but does not guarantee final approval. Previously, Trump Media announced plans to raise $2.4 billion to establish a Bitcoin reserve, but has not disclosed specific purchase plans. Earlier reports indicate that NYSE Arca has already submitted a 19b-4 application for the Truth Social Bitcoin and Ethereum ETF. (CoinDesk)
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Link: NYSE Applies for Rule Change to Support Truth Social's BTC-ETH ETF Listing [Copy]
