News breakdown: The grand scheme of a political giant
Trump ETF's three-pronged attack strategy exposed:
On July 8, Trump Media Group (DJT) submitted its third crypto ETF application to the SEC - Truth Social Crypto Blue Chip ETF, directly holding BTC (70%), ETH (15%), SOL (8%), CRO (5%), XRP (2%).
Previously submitted Bitcoin spot ETF in June (75% BTC + 25% ETH), launched dual-currency ETF on July 2, forming a 'triple attack' aimed at the $170 million conservative voter fund pool in the U.S.!
Political leverage breaks the regulatory ice:
The SEC is brewing a unified listing standard for crypto ETFs, aiming to simplify the approval process (originally up to 240 days, reduced to several weeks). Trump’s team is positioning itself to leverage political influence!
Subtle signals: On the same day, the SEC delayed the approval of Fidelity’s Solana ETF but swiftly accepted Trump’s ETF application - the regulatory balance has tilted towards political reality.
Impact on the crypto circle: Three types of assets are about to riot
Directly benefiting coins: The doomsday war machine for SOL, XRP, and CRO is starting!
SOL skyrocketed 18% in a single day: ETF includes mainstream coins other than BTC/ETH for the first time, SOL holdings account for 8% (over $200 million incremental expectations), technical breakthrough at $170 resistance level.
XRP regulatory cloud reversal: Despite the SEC previously suing Ripple, Trump's ETF forcefully includes 2% holdings, political statements outweigh regulatory disputes! On-chain whales are laying out in advance, with one address hoarding 120 million XRP.
CRO becomes a dark horse: Crypto.com custodian + 5% CRO holdings, exchange platform token enters the ETF for the first time, valuation logic completely restructured!
The siphoning crisis of BTC/ETH
Grayscale holdings data shows: Institutions are reducing BTC holdings and shifting to SOL! The ETH/BTC exchange rate has dropped to 0.0518, and signs of capital switching have emerged.
But the short-term benefits remain unchanged: Trump's ETF has a 70% position still in BTC, with a $250 million Bitcoin treasury being established, strong spot support.
Market landscape earthquake
Retail FOMO trigger: Trump's 100 million Twitter followers + 10 million Truth Social believers, conservative funds are about to enter!
Traditional asset management counter-offensive: BlackRock's IBIT holdings exceed 700,000 BTC ($76 billion), may urgently apply for SOL ETF to counter - ETF war escalates!
Following the main strategy: Three steps to intercept the main force
Historical script: On the day of Trump's victory in November 2024, DJT's stock price soared by 35%, BTC rose 10% in a day! Political coin market scenario replays!
Lightning war layout (0-72 hours):
SOL breaks through $175 to chase long positions, target $200 (peak sentiment for ETF approval);
Ambush long positions below XRP $0.52, stop loss at $0.48 (betting on SEC compromise).
Mid-term golden track:
Staking protocol (Lido, Rocket Pool): After the ETF approval, institutional staking demand may surge, and ETH's annualized yield may soar to 8%!
Custodial concept stock: Crypto.com (CRO) is the custodian of all Trump ETFs, technical weekly arc bottom has formed.
Death Zone:
Do not short SOL/XRP! Political coins have a control rate of 63%, the impact of short squeezes far exceeds that of BTC!
Beware of the turning point on July 31: If Powell's interest rate cut decision clashes with ETF approval, volatility may exceed 100%!
Sister Chan’s insights
Trump's ETF is not a product, but a bullet aimed at the old financial system! When the SEC compromises with political reality, and SOL joins the blue-chip ranks, the class order in the crypto world is collapsing. Those who mocked XRP as a 'zombie coin' will eventually become the main fuel!
Follow Chan's convergence to get information on whale movements with a 12-hour advance prediction!
In times of market chaos, hold on tight! Convergence is that golden thigh! It's the leg that crazy ambitionists cling to!