Trump Media & Technology Group Corp (DJT) shares are experiencing modest gains in pre-market trading following significant progress on its planned Bitcoin and Ethereum exchange-traded fund (ETF).
Key Developments
NYSE Arca's ETF Filing
- NYSE Arca, a subsidiary of the New York Stock Exchange, submitted a proposed rule change to the SEC to list and trade shares of the Truth Social Bitcoin and Ethereum ETF.
- The ETF aims to track the price performance of Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies by market capitalization.
- Asset Allocation: The fund will maintain a 3:1 ratio, with 75% in Bitcoin and 25% in Ethereum.
Sponsorship and Custody
- Sponsor: Yorkville America Digital, LLC
- Custodian: Foris DAX Trust Company, LLC (a Crypto.com affiliate)
This filing follows Trump Media’s recent S-1 registration statement, marking a critical step toward ETF approval.
Why This Matters
- Trump Media, the parent company of Truth Social, is majority-owned by Donald Trump.
- The company has actively embraced Bitcoin, announcing a $2.3 billion private offering to create a Bitcoin reserve—mirroring the strategy of Michael Saylor’s MicroStrategy (MSTR).
- The SEC recently approved Trump Media’s investment plan, signaling regulatory confidence.
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Market Performance
- Pre-Market Movement: DJT shares rose 1.10% after closing 1.79% higher at $18.21 on Friday.
- Year-to-Date Performance: The stock has declined 46.60% in 2025.
Analyst Insights
- The stock currently shows low Momentum and Value scores.
- Investors can leverage tools like Benzinga Edge Stock Rankings to identify high-performing assets.
FAQs
1. What is the Truth Social Bitcoin and Ethereum ETF?
- A proposed ETF tracking Bitcoin (75%) and Ethereum (25%), filed by NYSE Arca for listing.
2. Who sponsors the ETF?
- Yorkville America Digital, LLC, with custody handled by Foris DAX Trust Company.
3. How has Trump Media’s stock performed?
- Pre-market gains follow a 46.6% YTD drop, reflecting market volatility.
Strategic Outlook
- Trump Media’s Bitcoin reserve plan aligns with growing corporate adoption of crypto.
- Regulatory approval of the ETF could bolster investor confidence in crypto-linked equities.
Disclaimer: 82% of retail CFD accounts lose money. This article does not constitute investment advice.
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