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- Hey Square fam! How many Alpha points have you racked up lately?
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The final lap has been entered in the highly talked about Bitcoin-Ether ETF.
NYSE Arca, affiliated with the New York Stock Exchange, submitted a "Form 19b-4" application to the SEC for Trump Media's Truth Social ETF. This fund will passively track the prices of Bitcoin and Ethereum, with a composition of 75% Bitcoin and 25% Ethereum.
As is known, the submission of the "19b-4 Form" now means that the ETF has officially entered the listing approval process.
Crypto steps continue to increase
Trump's media arm, Trump Media, took a significant step in May and announced a fundraising target of up to $2.5 billion. It was stated that this money would be used to purchase Bitcoin. In June, the company also applied for both a Bitcoin spot ETF and a Bitcoin-Ether ETF.
It is known that World Liberty Financial, which is affiliated with the Trump family, has also made many cryptocurrency purchases. The company had also issued a stable coin named USD1.
Published: June 25, 2025 11:00