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Trump Media Technology Group applies to launch a Bitcoin Ether hybrid ETF
Gate News bot message, According to the announcement from Trump Media Technology Group, the company has submitted an initial registration statement on Form S-1 for the Truth Social Bitcoin and Ethereum ETF to the U.S. Securities and Exchange Commission (SEC).
The ETF product plans to adopt an asset allocation scheme of 75% Bitcoin and 25% Ethereum, reflecting the price performance of Bitcoin and Ethereum by directly holding these two cryptocurrencies and issuing shares to investors.