NYSE Files Rule Change to Support Truth Social's BTC-ETH ETF Listing

The New York Stock Exchange (NYSE) has submitted a rule change application, planning to support the listing of a 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. This application was submitted through the U.S. Securities and Exchange Commission (SEC)'s 19b-4 procedure, 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 $2.400 billion to build a Bitcoin reserve, but has not yet announced specific purchase plans. According to previous news, NYSE Arca has submitted a 19b-4 application for the Truth Social Bitcoin and Ethereum ETF. (CoinDesk) [Odaily Planet Daily]