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Hundreds of contracts settled in USDT or BTC
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New
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New
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Earn interests with idle tokens
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Pledge one crypto to borrow another
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New
Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
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HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
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NYSE submits revised documents for Trump Media BTC and ETH ETF applications
Gate News bot message, according to CoinDesk, Donald Trump’s media company Trump Media is accelerating its Crypto Assets business layout.
The New York Stock Exchange applied on Tuesday to amend its rules to allow for the listing of ‘Truth Social’ BitCoin and Ethereum ETFs, a dual-asset fund proposed just last week by the Trump Media Technology Group.
If approved, the ETF will hold Bitcoin (BTC) and Ethereum (ETH) at a ratio of 3:1.
This application is submitted pursuant to the 19b-4 procedure of the U.S. Securities and Exchange Commission (SEC), marking a key procedural step towards public trading, but does not guarantee approval.
Less than a month ago, Trump Media (Trump Media) announced that it would raise $2.4 billion to establish its own BTC reserve, although no purchase plan has been announced yet.
In addition to the application for the Truth Social ETF, Trump Media and Yorkville also plan to launch a full set of politically themed Crypto Assets products, including the ‘America First’ Bitcoin Fund, the ‘America First’ Blockchain Leaders Fund, and the ‘America First’ Stablecoin Income Fund.
So far, only the ETF of the Truth brand has formally submitted an application to the U.S. Securities and Exchange Commission.