NYSE Arca, the digital arm of the New York Stock Exchange, has submitted a rule change proposal to the US Securities and Exchange Commission (SEC) to list and trade shares of Truth Social Bitcoin and Ethereum ETF. According to the 19-b4 form, the proposed ETF’s ticker symbol is BT.
The SEC review process will begin after the 19b-4 form is posted on the Federal Register. This can take as little as 45 days or may be extended up to 240 days.
NYSE Arca Submits 19b-4 For Trump Media’s Bitcoin and Ethereum ETF
“Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or the “’34 Act” or the “Exchange Act”) and Rule 19b-4 thereunder,2 NYSE Arca, Inc. (“NYSE Arca” or the “Exchange”) proposes to list and trade shares of the following under NYSE Arca Rule 8.201-E: Truth Social Bitcoin ETF, B.T. (the “Trust”),” the filing reads.
The latest filing comes over a week after a Form S-1 registration statement was filed with the SEC. As per the filing, the Truth Social Bitcoin and Ethereum ETF will initially have a 3:1 ratio of Bitcoin to Ethereum holdings
This means that for every unit of ETH held, the Trust will hold approximately three times that amount in BTC. However, the sponsor has the discretion to adjust this allocation over time.
“The purpose of the Trust is to own Bitcoin and Ether transferred to the Trust in exchange for Shares issued by the Trust. Each Share represents a fractional undivided beneficial interest in the net assets of the Trust,” the S-1 noted.
Furthermore, cryptocurrency exchange Crypto.com is the custodian, prime execution agent, and liquidity provider. The licensor of the Bitcoin and Ethereum ETF is Trump Media and Technology Group Corp.
The entity operates the social media platform Truth Social. Meanwhile, Yorkville America Digital is the ETF’s sponsor.
Notably, this is Truth Social’s second ETF filing, signaling an aggressive push to diversify its portfolio beyond social media. Earlier this month, NYSE Arca filed a 19b-4 to list a Bitcoin-only Truth Social Bitcoin ETF. The SEC has until January 29, 2026, to decide on this BTC ETF.
FARTCOIN has experienced ongoing volatility, with significant price fluctuations over the last few weeks. Despite sudden drops, the meme coin has shown signs of recovery.
To continue this upward momentum, FARTCOIN must break through key resistance levels, and current market conditions suggest it could achieve this soon.
Fartcoin Has The Strength To Rise
The Relative Strength Index (RSI) has recently moved above the neutral line, marking the first time in two weeks that the RSI is in the bullish zone. This shift is a positive sign for FARTCOIN, as it indicates that bullish momentum is starting to build.
A strong RSI is crucial for the altcoin’s recovery, signaling renewed buying interest in the market.
As the RSI remains in the bullish zone, it suggests that the potential for a breakout is increasing. This could lead to further price growth for FARTCOIN, especially if investors continue to support the meme coin.
The Squeeze Momentum Indicator is also showing signs of bullish potential for FARTCOIN. Currently, the indicator is noting a squeeze, which typically signals a period of consolidation before a potential breakout.
The histogram reveals that bearish momentum is waning, which suggests the altcoin could experience a shift toward upward movement.
The last time the Squeeze Momentum Indicator showed a similar pattern, FARTCOIN surged, indicating that the squeeze may be a precursor to more gains. If the squeeze is released, the meme coin could see a significant rise, potentially pushing the price higher.
FARTCOIN has risen by 11% over the last 24 hours, currently trading at $1.12, and is approaching the key resistance level at $1.20.
If the meme coin manages to break through this resistance, it could signal a continuation of the recent upward movement. A breach of $1.20 would open the door for further gains.
Securing $1.20 as support would be a critical next step for FARTCOIN. If it can maintain this level, the meme coin could rise to $1.42, recovering losses from June. This upward momentum would indicate a strong recovery and could lead to more sustained price growth if the trend continues.
However, if selling pressure builds in the coming days, FARTCOIN could fall below the $1.02 support level. A drop below $1.00 would be concerning and could result in further losses, potentially pushing the price down to $0.91.
Such a decline would invalidate the bullish thesis and signal a shift in market sentiment.
“This was due to an entity(s) on the Binance perpetuals market. That’s what triggered the entire cascade. The initial drop below $5 was triggered by a ~1 million USD short position being market-sold. This caused over 5% of slippage in literal microseconds. That was the trigger. This seems intentional to me. They knew what they were doing,” the analyst stated.
Pi Network: From Chainlink Buzz to Transparency Fears
Pi Network recorded strong optimism this week as its native Pi Coin surged by double digits. BeInCrypto attributed the surge to the announcement of a key integration with Chainlink.
They pitched this strategic collaboration as a gateway to real-world utility. Specifically, it positioned Pi closer to the broader DeFi and smart contract ecosystem. However, the euphoria proved short-lived.
Allegations suggest that, like the OM token, Pi coin lacks full clarity around circulating supply, wallet distribution, and centralized control. To some, these are potential red flags in an increasingly regulation-sensitive industry.
“The OM incident is a wake-up call for the entire crypto industry, proof that stricter regulations are urgently needed. It also serves as a huge lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet,” wrote Dr Altcoin.
Pi coin reversed gains within days, falling 18% from its weekly high. At the time of writing, PI was trading at $0.6112, up by a modest 0.7% in the past 24 hours, per CoinGecko.
Grayscale’s Altcoin Shake-Up: 40 Tokens Under Review
This week in crypto also showed that institutional investor interest in altcoins is heating up again, with Grayscale leading the charge.
The digital asset manager unveiled its updated list of assets under consideration for the second quarter (Q2) 2025. BeInCrypto reported that the list featured zero altcoins across sectors such as DePIN, AI, modular blockchains, and restaking. Among the notable tokens being eyed are SUI, STRK, TIA, JUP, and MANTA.
The update reflects Grayscale’s growing thesis around emerging crypto trends, particularly as the firm seeks to expand beyond its core Bitcoin and Ethereum products.
This announcement follows a broader strategic overhaul from three weeks ago when Grayscale reshuffled its top 20 list of altcoins by market exposure. Several older names were dropped at the time, while newer narratives like Solana-based DePIN and Ethereum restaking plays were pushed to the forefront.
The expansion into 40 coins signals Grayscale’s recognition of renewed retail and institutional appetite for differentiated assets. However, inclusion in the list does not guarantee a fund launch. It only indicates Grayscale’s active research.
XRP and SWIFT Partnership: Breaking Down the Rumors
There was speculation this week about a possible partnership between Ripple’s XRP and banking giant SWIFT in crypto.
This narrative was based on a misinterpreted document. A series of cryptic social posts exacerbated the speculation, which some took as confirmation of collaboration between the global payments network and the XRP ledger.
However, BeInCrypto’s in-depth reporting sank the rumors. While Ripple has long pursued banking institutions and SWIFT has shown openness to blockchain innovations, there is no verified partnership between the two.
SWIFT’s public-facing projects around tokenization and digital asset settlement do not include XRP.
Despite the debunking, the rumors sparked an important conversation about XRP’s long-term positioning. The token remains a top-10 asset and a favorite among retail investors banking on utility-driven price appreciation.
With Ripple’s legal battles with the SEC nearing resolution and international CBDC partnerships in the works, the project is far from irrelevant.
US Dollar Dives: What the DXY Crash Means for Bitcoin
The US Dollar Index (DXY) hit a three-year low this week, sending ripples through the crypto markets. Historically, a falling DXY has been bullish for Bitcoin, and this week was no different, with BTC reclaiming above the $84,000 range.
The greenback’s weakness reflects growing fears of fiscal deterioration in the US, as rate cuts loom and Treasury debt soars.
Japan’s 10-year bond yields hit multi-decade highs, forcing the Bank of Japan (BoJ) into increasingly precarious interventions. As Japanese liquidity spills outward, crypto and risk assets have become inadvertent beneficiaries.
This macroenvironment is ideal for Bitcoin. Weakening fiat, rising global liquidity, and crumbling bond market confidence create a perfect storm.
