The United States Securities and Exchange Commission has begun considering Trump Media’s request for a Bitcoin and Ethereum exchange-traded fund (ETF). It was made on June 16, 2025, and seeks to provide investors with exposure to the market-capitalization leaders in cryptocurrency.
ETF Details and Structure
The ETF will have exposure of 75% to Bitcoin (BTC) and 25% to Ethereum (ETH). Investors get a window to high exposure to the two assets in shares listed on NYSE Arca. Crypto.com will provide custody for the fund, the filing states, with secure custody and administration of the crypto assets.
Anticipated Valuation and Pricing Mechanism
Trump Media would price the ETF in relation to CME CF reference prices on Ethereum and Bitcoin. The system operates with aggregated trade data on a string of prominent crypto exchanges. Listing of the ETF could happen through pending disapproval. Crypto ETFs’ trend continues to gain momentum.
Bitcoin ETF Information
US spot Bitcoin ETFs in the previous week posted a large net inflow of $769 million for three days in a row even as the overall market softened. BlackRock’s iShares Bitcoin Trust (IBIT) topped these inflows with $336 million and reflected strong institutional demand. Bitcoin ETF assets under management stood at $137.6 billion, underscoring Bitcoin’s market dominance further.
Ethereum ETF Data
Ethereum ETFs were also featured in the news with net inflows of $219 million over four days. BlackRock’s iShares Ethereum Trust (ETHA) added $99.4 million to these totals. The assets under management of Ethereum ETFs have reached $10.83 billion due to growing institutional demand and market sentiment.
Market Context and Implications
The SEC approved Trump Media’s application as part of an overall trend of increased interest in cryptocurrency ETFs. The SEC has recently requested asset managers to re-propose Solana ETFs. This reflects how the regulatory environment is shifting when dealing with digital assets.
Institutional Interest and Market Dynamics
The chances of the Trump Media ETF approval would be high in institutional demand. The crypto markets have seen gigantic inflows with Bitcoin trading at around $108,784. Ethereum’s price too is around $2,576. The ETF would still place the cryptocurrencies on the map of mainstream finance once and if it successfully launches.
With a proposed structure that grants substantial exposure to BTC and ETH, the ETF will be attractive to many investors. Traders will keenly await information that can write the history of cryptocurrency ETFs as the review process progresses.
