The U.S. Securities and Exchange Commission (SEC) has officially acknowledged Trump Media & Technology Group’s application to launch a Bitcoin Ethereum ETF, triggering the start of a regulatory review period that could result in either approval or rejection.
The proposed Bitcoin Ethereum ETF is set to aim at providing direct exposure to both Bitcoin and Ether via shares listed on the NYSE Arca, according to the June 16 S-1 filing. The fund would invest 75% of its portfolio in Bitcoin and the other 25% in Ether as a reflection of the desire by investors to have exposure in diversified cryptocurrency assets.
Bitcoin Ethereum ETF Storage and Safekeeping Strategy
In case Bitcoin Ethereum ETF gets approved, it will be administered at a collaboration with Foris DAX Trust Company doing business as Crypto.com as a recognized crypto custodian. It has been declared that the fund which will be sponsored by asset manager Yorkville America Digital.
The filing states that Crypto.com will hold the Bitcoin and Ether holdings of the fund in segregated accounts and the private keys in cold storage thus protecting the investor.
The CME CF Bitcoin Reference Rate and Ether Reference Rate will be the source of the daily net asset value (NAV) of the fund, which is an aggregate reference rate based on trading data of the major cryptocurrency exchanges. The sponsor however reserves right to alter the method of valuation of Ether should it be considered necessary.
Fidelity Spot Solana ETF Decision Delayed
Bitcoin Ethereum ETF proposal arrives as SEC confronts an escalating tide of crypto ETF proposals, such as items based on Solana and other altcoins. The agency is also said to consider a simplified approval framework, which would warrant automation of the listing process of digital asset ETFs.
In the meantime, the SEC is holding off on a ruling on Fidelity proposed spot Solana ETF, which was originally filed in March. The agency wrote that it was reopening a fresh period of public comment and started a new clock Monday, 21 days to comment and 35 days to respond.
SEC Engagement Seen as Positive Signal
Bloomberg ETF reporter James Seyffart wrote on Twitter that the delay was expected and that it seems the SEC in effect is wants issuers to make adjustments and resubmit, which he sees as a positive indication of an expanding digital asset ETP (exchange-traded product) regime.
MORE delays. @Fidelity's Solana ETF filing was just delayed as expected.
We're still waiting for some sort of movement from the SEC on a generalized digital asset ETP framework. pic.twitter.com/8m2DSdHJYV
— James Seyffart (@JSeyff) July 7, 2025
Seyffart wrote, any interaction between the SEC and ETF issuers should be viewed positively. It may not mean immediate approvals, but it signals regulatory engagement.
The bitcoin-ether product is the first significant step in the entry of Trump Media into crypto finance, and its main social media platform, Truth Social, becomes more clearly integrated with the digital asset industry.
Keep in mind that this would just be more amendments and more back and forth, NOT approvals as i've seen some people hint. Pretty much any sort of interactions between SEC and issuers/exchanges should be viewed positively
— James Seyffart (@JSeyff) July 7, 2025
Bitcoin Ethereum ETF Meets Market Demand
Should this be realized, the Bitcoin Ethereum ETF would not only diversify the business interests of the company but also deliver potentially new opportunities for the firm as it hopes to capitalize on the demand for crypto-regulated investment products that have already enjoyed huge demand in the market.
The review period of the SEC is operational and it usually takes up to 240 days in total, but it has the privilege of releasing a decision earlier. The decision may also influence future of prospective Bitcoin Ethereum ETF products in the U.S., with the financial players closest to such propositions hoping to gain insight on the matter regarding shaped regulation of accessing digital assets.
Conclusion
The SEC review of the Bitcoin Ethereum ETF at Trump Media is a big event in the history of regulated crypto products in the U.S. With the approval plans and changing frameworks squarely in the sights of industries, this proposal may indicate more widespread support of crypto ETFs and allowing wider investor access to crypto asset markets.
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Summary
The U.S. SEC has accepted Trump Media’s application for a Bitcoin and Ethereum ETF, triggering a formal review process. The fund is proposed to consist of 75% Bitcoin and 25% Ether and has been listed on NYSE Arca. The custodian will be Crypto.com, and the sponsor Yorkville America Digital. Its filing comes as Bitcoin and crypto ETF interest are on the rise and SEC tries to simplify to avoid previous rejections. Meanwhile, the SEC postponed the decision on Fidelity spot Solana ETF.
FAQs
1. What is the Bitcoin Ethereum ETF?
A proposed ETF offering 75% Bitcoin and 25% Ether exposure via NYSE Arca.
2. Who is behind the ETF?
Trump Media, with Crypto.com as custodian and Yorkville America Digital as sponsor.
3. How is the ETF valued?
Using CME CF reference rates for Bitcoin and Ether.
4. What’s the SEC status?
The SEC is reviewing the application, a decision may take up to 240 days.
Glossary Of Key Terms
Bitcoin Ethereum ETF
Proposed fund offering 75% Bitcoin and 25% Ether exposure.
SEC (Securities and Exchange Commission)
U.S. agency overseeing ETF approvals and market regulations.
Yorkville America Digital
Sponsor managing the proposed Bitcoin Ethereum ETF.
NYSE Arca
Exchange where the ETF would be listed.
CME CF Reference Rates
Daily price benchmarks for Bitcoin and Ether.
S-1 Form
Filing submitted to register a new ETF.
Spot ETF
ETF backed by actual crypto, not futures.
ETP (Exchange-Traded Product)
Tradable asset product like an ETF or ETN.
References
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