According to @FoxNews, the New York Stock Exchange has filed a rule change proposal to list the Truth Social Bitcoin and Ethereum ETF from Trump Media and Technology Group. This proposed dual-asset fund would hold Bitcoin (BTC) and Ether (ETH) in a 3:1 ratio, marking a significant step in the company's crypto ambitions. This development occurred as the broader cryptocurrency market experienced a downturn, with Bitcoin (BTC) falling over 2.5% to $105,900. Altcoins such as Ether (ETH), Solana (SOL), and XRP faced even steeper losses of 5-7%. The source attributes the market weakness to increased risk aversion among traders, fueled by President Trump's threats of new trade tariffs and rising geopolitical tensions involving Iran. While U.S. stocks managed to recover from the initial shock, the crypto market continued its decline. However, softer than expected Producer Price Index (PPI) data and rising jobless claims could potentially pressure the Federal Reserve to adopt a more dovish monetary policy, a factor traders are closely watching.

According to the report, the New York Stock Exchange has submitted a rule change under the SEC's 19b-4 process to list Trump Media's Truth Social Bitcoin and Ethereum ETF, which would hold BTC and ETH in a 3:1 ratio with Crypto.com as custodian and liquidity provider, potentially increasing institutional demand and market liquidity for both cryptocurrencies if approved, as per the SEC filing.