Wall Street's digital trading platform NYSE Arca has taken a decisive step toward bringing cryptocurrency exposure to traditional investors through a novel ETF structure backed by Trump Media & Technology Group (TMTG).
The 1 ETH to INRexchange operator submitted detailed documentation to the Securities and Exchange Commission this week proposing the Truth Social Digital Asset Fund, which would maintain strategic allocations across two leading cryptocurrencies. According to the 19b-4 filing, the fund would direct three-quarters of its holdings toward Bitcoin with the remaining quarter positioned in Ethereum.
This marks the second crypto-related ETF proposal from TMTG within a 30-day window, following their Bitcoin-only submission earlier this month. The accelerated timeline suggests the company is executing an ambitious roadmap to establish credibility in digital asset markets beyond its core social media operations.
TMTG's majority stakeholder, former President Donald Trump, has emerged as an unexpected champion for blockchain adoption in recent years. The organization has partnered with established industry players including Crypto.com to handle critical operational components like digital asset custody and transaction execution.
Institutional-Grade Crypto Infrastructure
The proposed ETF would leverage Crypto.com's enterprise-grade security protocols and liquidity solutions to meet institutional standards. This technical partnership aims to address common regulatory concerns about market manipulation and operational reliability that have historically slowed crypto ETF approvals.
NYSE Arca's filing emphasizes compliance with existing exchange rules, noting the proposed product would be subject to standard listing requirements and surveillance procedures. The document outlines multiple safeguards including real-time monitoring of trading activity and coordination with cryptocurrency market data providers.
Market observers note the SEC's evolving posture toward digital assets under the current administration. Several recent high-level appointments at the regulatory agency have demonstrated more favorable attitudes toward cryptocurrency innovation while maintaining investor protection standards.
Political Winds Shifting Crypto Landscape
The former president's public statements have undergone a remarkable transformation regarding digital assets. Once dismissive of cryptocurrency's value proposition, Trump now frequently references blockchain technology as enabling financial sovereignty during public appearances and policy discussions.
This philosophical shift appears to be translating into concrete policy initiatives through TMTG's financial products division. Beyond the two filed ETF proposals, the company has outlined conceptual plans for additional blockchain-based investment vehicles under its "America First" financial brand.
Industry analysts suggest the Truth Social-branded products could appeal to both crypto enthusiasts and politically aligned investors, creating a unique market positioning. However, regulatory approval remains uncertain as the SEC maintains its deliberate approach to cryptocurrency investment products.
The filing initiates a standard review period during which regulators will evaluate the proposal's compliance with securities laws and investor protection standards. Market participants anticipate several months of regulatory dialogue before any potential launch.
