Trump Media & Technology Group Corp., the operator of Truth Social, has submitted a Form 19b-4 filing to list a new Bitcoin and Ethereum Exchange Traded Fund (ETF) on NYSE Arca.
According to the June 24 filing with the U.S. Securities and Exchange Commission (SEC), the proposed ETF, with the ticker symbol B.T., would allocate 75% of its assets to Bitcoin and 25% to Ethereum. The product is structured as a commodity-based trust. Yorkville America Digital is named as the sponsor, and Foris DAX Trust Company, an affiliate of Crypto.com, will serve as custodian for both cryptocurrencies.
The ETF aims to offer investors simplified access to the two largest digital assets by market capitalization through a traditional brokerage platform. If approved, it would trade on NYSE Arca.
This latest Form 19b-4 submission follows Trump Media’s previous announcement on June 16 regarding a Form S-1 registration statement filing with the SEC. While the S-1 covers disclosure and structural details, the 19b-4 is a separate procedural step for obtaining regulatory approval for listing and trading on a national securities exchange. Both filings are required for the ETF to launch.
The 19b-4 filing reiterates details from the S-1, including the fund’s passive investment strategy and the use of CME CF benchmark reference rates for net asset value calculation. The fund’s Bitcoin and Ethereum holdings will be held in cold storage by Foris DAX Trust Company, which will also act as the execution agent and provide staking and liquidity services.
The SEC will now begin its formal review, with a final decision possible within 240 days, though an initial response is typically issued within 45 days. This marks Trump Media’s second proposed crypto ETF, following an earlier Bitcoin-only spot product filed on June 3, which is also currently under SEC review.
