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.
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