๐จ Urgent: President Trump's Truth Social Files Joint ETF Application for $BTC and $ETH! ๐
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๐ A Historic Step in the Crypto Market:
Trump Media and Technology Group (which operates Truth Social) has submitted an official application (S-1) to the U.S. Securities and Exchange Commission (SEC) to launch a dual exchange-traded fund (ETF) for Bitcoin and Ethereum, under the name "Truth Social Bitcoin and Ethereum ETF". ๐
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๐ก Key Details:
* Asset Allocation: The fund will invest directly in the two currencies, allocating 75% to Bitcoin and 25% to Ethereum. ๐
* Exclusive Custodian: Crypto.com will serve as the exclusive custodian for Bitcoin and Ethereum for this fund. ๐ก๏ธ
* Proposed Listing: Shares of the fund are proposed to be listed on the NYSE Arca, pending regulatory approvals. ๐
* Facilitating Access: The fund aims to provide exposure for investors to the two leading currencies in a single regulated product, removing the complexities associated with direct investment. ๐ฐ
โ Do you think this dual ETF, linked to a prominent political figure, will enhance the legitimacy and adoption of cryptocurrencies on a broader scale? ๐ค
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