Trump Media Moves Forward with Truth Social Bitcoin ETF Direct BTC Holding!
Aslam mu alakum, and hello every one how are you, hope you all will be happy and fine.
Today I read one very hot news in crypto. Trump Media has filed an amended S-1 for Truth Social Bitcoin ETF. This ETF will hold Bitcoin directly, and the custodian will be Crypto.com.
This is very big news for crypto market because it mean more trust and easy way for normal people to invest in Bitcoin. When ETF hold Bitcoin directly, it remove the need for people to buy from exchanges. Big investors can put money in ETF, and this can bring billions into Bitcoin.
Also, having Crypto.com as custodian shows that big crypto companies are now working with big political and media names. This will make Bitcoin more popular and accepted. If ETF gets approved, it can push Bitcoin price high and also bring more stability in market.
Thank you so much and allah hafiz.
