Trump Media & Technology Group, run by President Donald Trump, has submitted a request to the U.S. Securities and Exchange Commission (SEC) to start a Bitcoin and Ethereum exchange-traded fund (ETF).

This proposed ETF is called the Truth Social Bitcoin and Ethereum ETF. It plans to invest 75% in Bitcoin and 25% in Ethereum. This way, investors can access both cryptocurrencies with one product.

Crypto.com is the only custodian for the ETF. They will handle prime execution, staking, and liquidity services. The ETF can only start if the SEC approves the registration statement and a rule change that is needed. If approved, the ETF will be on the NYSE Arca exchange.

This plan is part of a larger effort by Trump Media to include cryptocurrency in its business model. In May, the company said it plans to raise $2.5 billion to build a Bitcoin treasury, showing its dedication to digital assets.

The proposal has raised worries about possible conflicts of interest. Critics say that President Trump is pushing for cryptocurrency and also working on financial projects with his media company. People are concerned that mixing politics with personal business interests can harm the fairness of rules and regulations.

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