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NYSE submits rule change application to support the listing of Truth SocialBTCETH ETF
PANews reported on June 25th that the New York Stock Exchange (NYSE) has submitted a rule change application to support the listing of Truth SocialBTC and ETH Fund ETF proposed by Trump Media & Technology Group. If approved, the ETF will hold BTC and ETH in a ratio of 75:25, with a certain platform serving as an accomplice and liquidity provider.
This application was submitted through the 19b-4 process of the U.S. Securities and Exchange Commission (SEC), which is an important procedural step for ETF public trading, but does not guarantee final approval. Previously, the Trump media announced plans to raise $2.4 billion to establish a BTC reserve, but has not yet disclosed specific purchase plans.
Earlier news, NYSE Arca has submitted 19b-4 application documents for Truth SocialBTC and ETH platform ETF.