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SEC Greenlights Trump Media’s Bitcoin & Ethereum ETF Filing, Kicks Off Review Clock

  • The SEC has accepted Trump Media’s application for a Bitcoin and Ethereum ETF on NYSE Arca, initiating the regulatory review process.
  • Crypto.com’s Foris DAX Trust will secure the crypto assets, with Yorkville America Digital acting as the fund's sponsor, and NAV based on CME CF reference rates.
  • Competition for crypto ETF approvals is intensifying, but uncertain SEC procedures could lead to delays, as observed with Grayscale's recent multi-crypto ETF reversal.
  • The eligibility of this news article for a web story is true

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