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Truth Social Goes Full Crypto—SEC Considers Trump-Linked ETF Filing

  • SEC has initiated a formal review of a new spot-crypto fund, demonstrating growing acceptance of directly held crypto products.
  • Trump Media's Truth Social unit seeks to list an ETF on NYSE Arca comprising 75% Bitcoin and 25% Ether, with custody by Crypto.com's Foris DAX Trust Company.
  • Wall Street giants like BlackRock and Fidelity have filed Bitcoin and Ether ETF applications; SEC is considering an 'automated' listing framework for spot-crypto ETFs to expedite reviews.
  • Fidelity's spot-Solana ETF faces delays, while the future of spot-crypto ETFs, including those backed by Bitcoin and Ether, depends on SEC decisions and market dynamics.

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