Trump Media and Technology Group (DJT) filed a file to list a Bitcoin and ETF social negotiation fund) Truth Social Bitcoin and ETF.
ETF will hold the bitcoin
and ether directly with 75% of the capital allocated to Bitcoin and the remaining 25% in Ether, according to a file with the Securities and Exchange Commission (SEC).
Exchange based in Singapore Crypto.com will act as ETF guardian as well as the provider of taking and liquidity. Trump Media and Technology Group reported his intention to publish an ETF earlier this month because he made an autonomous recording for an ETF Bitcoin.
The inclusion of ether is in hand with the cryptographic activity of the Trump family; World Liberty Financial, the Defi project supported by the family, holds 96% of IT assets on Ethereum blockchain, according to Arkham data.
If it is approved, the fund would join a long list of FNB Crypto, including those managed by Blackrock, Grayscale, Fidelity and Franklin Templeton. FNB Bitcoin alone have $ 131 billion in assets under management.
Read more: Trump’s Truth Social makes a next step to launch Spot Bitcoin Etf
