Trump Media and Technology Group, the company behind Truth Social, has presented its registration documents to the SEC to launch Dual Bitcoin ETF (BTC) and Ether (ETH).
The company linked to US President Donald Trump calls financial vehicles “true social bitcoin and Ethereum ETFs.” Based on the prices of two major digital assets around the world.
According to Form S-1 presented to the SEC, ETFs have the purpose of owning BTC and ETFs in exchange for beneficial fractions and actions that express undivided interest in the fund’s net assets.
It also indicates that the company behind Truth Social is a licensee for certain intellectual property assets associated with the operation of the ETF. Furthermore, the company offers Specific marketing and promotional services on behalf of the fund.
Dry currently has the authority to review proposals and has a decision schedule that can be extended for several months. Depending on the priorities received between assessment institutions.
The application is independent of the first moves of the Trump-linked company and submitted to the SC, which formed the S-1 this early June. Start your own Bitcoin ETF with cashas reported by Cryptootics at the time.