Trump Media Files for Bitcoin ETF – Ready to Take On BlackRock? 🇺🇸📈
🔥 Breaking: Trump Media & Technology Group (TMTG) has officially filed to launch a Bitcoin Exchange-Traded Fund (ETF) named Truth Social Bitcoin, according to Bloomberg. The move puts Donald Trump’s media empire in direct competition with ETF titan BlackRock.
📄 The Filing:
Submitted by NYSE Group
In partnership with Yorkville America Digital
Filed on Tuesday, June 3
If approved, it would mark one of the most politically charged entries into the crypto ETF race to date.
⚖️ Ethics in the Spotlight:
The proposal has sparked intense debate among policy experts and regulators due to conflict of interest concerns. Critics question Trump’s dual role in politics and crypto—especially since World Liberty Financial, backed by Trump affiliates, recently launched the USD1 stablecoin.
💰 Big Backers, Big Bets:
TMTG has reportedly raised a massive $2.44 billion (~Rp36 trillion) from 50+ institutional investors, signaling serious firepower in its push toward crypto market dominance.
TL;DR: Trump is eyeing Wall Street’s hottest ticket — the Bitcoin ETF game — and he’s not playing small. With billions in backing and a high-stakes political backdrop, this ETF war just got personal. 🧨
