The New York Stock Exchange (NYSE) has filed a proposed rule change to list a new ETF by Trump Media & Technology Group, which would track both Bitcoin and Ethereum.
A filing submitted to the U.S. Securities and Exchange Commission (SEC) on June 24 states that the ETF, which is proposed to trade under the ticker symbol B.T., plans to allocate 75% of its assets to Bitcoin (BTC) and the remaining 25% to Ethereum (ETH).
Sponsored
This is part of a broader cryptocurrency push by Trump Media, which, weeks ago, filed for a standalone Bitcoin ETF and discussed a $2.4 billion Bitcoin treasury strategy.
According to the filing, Foris DAX Trust Company, an affiliate of Crypto.com, will securely store the fund’s Bitcoin and Ethereum in cold storage. Crypto.com will also be responsible for executing trades, managing staking, and providing liquidity to help run the fund smoothly.
The SEC’s regulatory posture has become more favorable toward cryptocurrency under the Trump administration. However, submitting the rule change doesn’t mean the ETF will automatically be approved.
If it gets the green light, the fund would trade on NYSE Arca, giving both retail and institutional investors direct access to Bitcoin and Ethereum through regular brokerage platforms.
Expands Field of Dual Bitcoin-Ethereum Funds
If approved, the Trump-tied crypto ETF would join a small but growing group of funds offering exposure to both Bitcoin and Ethereum.
Currently, three such ETFs are live in the United States. Franklin Templeton’s EZPZ fund follows a market-cap-weighted approach, with around 82% allocated to Bitcoin and 18% to Ethereum. Bitwise’s BTOP fund, on the other hand, provides a 50/50 split between Bitcoin and Ethereum futures. Hashdex’s Nasdaq Crypto Index US ETF also offers blended exposure, with an approximate 80/20 split between Bitcoin and Ethereum.
BTC and ETH Prices Hold Steady
Bitcoin has rebounded, climbing over 1.5% in the past 24 hours to trade above $106,600, driven by renewed institutional demand and easing geopolitical tensions.
Meanwhile, Ethereum has also gained about 1.3%, holding steady near $2,435, supported by increased interest in ETH-focused funds and ongoing protocol upgrades.
Why this matters
The inclusion of Ethereum alongside Bitcoin in the Trump-backed ETF reflects Ethereum’s position as a significant digital asset, offering investors combined exposure to both cryptocurrencies in a single fund and indicating broader market interest beyond Bitcoin.
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People Also Ask:
An ETF, or Exchange-Traded Fund, is a type of investment fund that is traded on stock exchanges, similar to individual stocks. It holds a collection of assets such as stocks, bonds, or cryptocurrencies.
ETFs pool money from many investors to buy a diversified portfolio of assets. Investors can buy and sell ETF shares on stock exchanges throughout the trading day.
ETFs trade on exchanges throughout the day like stocks, while mutual funds are priced and traded only once per day after markets close.
