Trump Media & Technology Group, the company of former President Donald Trump, has just filed with the U.S. Securities and Exchange Commission (SEC) through NYSE Arca to seek approval for a spot Bitcoin ETF fund named "Truth Social Bitcoin ETF." This move, in collaboration with Crypto.co and Yorkville America Digital, shows optimism about the long-term potential of Bitcoin and the cryptocurrency market in the USA.
The spot fund #ETFbitcoin will allow investors to access Bitcoin through shares on the exchange, providing a more regulated and safer approach. This fund takes advantage of the growth momentum of crypto after the SEC approved 11 Bitcoin funds last year. #TrumpMedia also announced plans to invest $250 million in crypto and energy ETF funds, while raising $2.4 billion to build a Bitcoin treasury.
This development, along with projects like Truth.Fi and World Liberty Financial, highlights the role of blockchain in shaping the financial future. Platforms like BNB Chain, with DeFi and Web3 applications, are also benefiting from this trend, opening up opportunities for long-term investors in markets such as the USA and Japan.
Risk Warning: The information in this article is for reference only and does not constitute investment advice. #anhbacong