BREAKING: NYSE Arca Greenlights Truth Social’s Bitcoin & Ethereum ETFs – Wall Street Meets Crypto
Wall Street's crypto embrace hits hyperdrive as NYSE Arca approves the first politically charged ETFs. Trump Media's Truth Social now bridges MAGA and digital gold—whether markets are ready or not.
Bitcoin and Ethereum ETFs go partisan
The listing marks a watershed moment: crypto's volatile politics colliding with mainstream finance. Expect trading volumes to explode when these funds go live—and SEC scrutiny to follow.
Truth Social's playbook? Leverage its 10M+ user base to create instant liquidity. Skeptics whisper this reeks of desperation after DWAC's rocky SPAC performance. Crypto purists groan. Traders? They're already sizing up the arbitrage opportunities.
One thing's certain: 2025 just got more interesting for crypto ETFs. And for once, Wall Street's 'innovative financial products' might actually deserve the hype.
Crypto.com to manage and secure ETF operations
TMTG and Yorkville America have partnered with Crypto.com, a top-tier exchange, to manage the ETF’s deep-tech infrastructure. Crypto.com will provide digital asset custody, act as the execution agent for crypto transactions, and ensure liquidity for smooth fund operations.
In the filing with the SEC, NYSE Arca explained that the proposed listing WOULD attempt to comply with the relevant regulations. “The Exchange believes that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices in that the shares will be listed and traded on the exchange under the initial and continued listing criteria in NYSE,” the filing read.
This proposal falls under the SEC’s 19b-4 rule change process, which exchanges use when they propose to offer new financial products. The filing is a key regulatory milestone, but does not guarantee approval. The SEC decides whether to allow or reject a listing, typically following public comment and internal review.
Trump influence shifts SEC crypto stance
The SEC’s position on digital currency seems to be changeable under the incumbent administration of President Donald Trump. The agency, which was once seen as cautious and sometimes skeptical of digital assets, has started to take that more positive view.
That tone change comes after several senior SEC positions have been filled, with several appointees seen as sympathetic to the development of crypto markets and increased investor access more generally.
Even President TRUMP has transformed his outlook dramatically. He criticized cryptocurrencies in his first term but has become one of their most outspoken political supporters. Indeed, during recent campaign speeches and public appearances, Trump referred to digital assets as instruments of “financial freedom” and has since integrated blockchain solutions into public policy projects.
The increasing political support also gives momentum to Trump Media & Technology Group’s (TMTG) accelerating push into the crypto space. In collaboration with Yorkville America and Crypto.com, it announced the launch of a new suite of blockchain-based financial products under the ”America First.”
Some offerings it is considering include the America First bitcoin Fund, America First Blockchain Leaders Fund, and the America First Stablecoin Income Fund.
But so far, just two products, the Truth Social Bitcoin ETF and the Truth Social Bitcoin and Ethereum ETF, have been formally filed with the SEC. The rest are conceptual and have not yet made any regulatory submissions.
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