New York Stock Exchange applies for rule changes to support the listing of Truth Social's BTC-ETH ETF, which will hold Bitcoin and Ethereum in a 75:25 ratio

The New York Stock Exchange (NYSE) has submitted a rule change request 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 ratio of 75:25, with Crypto.com serving as the custodian and liquidity provider. This application is submitted through the 19b-4 program of the US Securities and Exchange Commission (SEC), which is an important procedural step for ETF public trading, but does not guarantee final approval. Previously, Trump media announced plans to raise $2.4 billion to establish Bitcoin reserves, but has not yet announced specific purchase plans. Previously, NYSE Arca has submitted 19b-4 application documents for the Truth Social Bitcoin and Ethereum ETFs.