🚨 BREAKING NEWS: Trump Media files for Bitcoin & Ethereum ETF 🚨
Trump Media and Technology Group, in partnership with Yorkville America, has filed with the SEC to launch a joint Bitcoin & Ethereum ETF. This move marks another major step in the company’s growing involvement in the crypto space.
Key Highlights:
📄 New Filing: Truth Social Bitcoin & Ethereum ETF proposed — following the first filing of the Truth Social Bitcoin ETF just two weeks ago.
💰 Asset Allocation: 75% Bitcoin (BTC) 🟠, 25% Ethereum (ETH) 🔵
🏦 Custodian & Liquidity: Crypto.com will manage custody, execution, and liquidity
📝 Status: Pending SEC approval (Form 19b-4), aiming to list on NYSE Arca
📍 Structure: Filed as a Nevada business trust, not Delaware
🇺🇸 "America First" Suite planned:
■America First Bitcoin Fund (AFBF)
■America First Blockchain Leaders Fund (AFBLF)
■America First Stablecoin Income Fund
💼 Earlier ETF Filing: Truth Social Bitcoin ETF submitted in early June
🏛️ $2.4B raised by Trump Media and Technology Group: Funds aimed at building a Bitcoin treasury (no BTC purchases yet)
💻 Upcoming Products Teased: Wallet & token under Truth.Fi
👨👩👦👦 Trump Family Crypto Ties: Involved in mining firms, Solana meme coin, DeFi protocols
📉 Stock Impact: Trump Media (DJT) down nearly 2% to $19.18
🧾 Disclosure: President Trump earned over $57M from World Liberty Financial
💡 The new ETF filing strengthens Trump Media’s involvement in crypto, attracting more regulatory attention and raising concerns about possible conflicts of interest with Trump and his family. ⚠️
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