Trump Media & Technology Group (TMTG), operator of Truth Social, has officially filed with U.S. regulators for a “Truth Social Bitcoin ETF”. If approved, this fund—alongside a $2.5 billion bitcoin treasury—could hit the NYSE Arca, backed by Crypto.com & Yorkville America Digital. Bitcoin is currently buzzing around $101,400, despite a recent 3% dip.
Crypto Markets React
Markets responded immediately: Bitcoin slipped below $101K and Ethereum slid ~6% in one day, as uncertainty from Trump–Musk tensions rattled investor sentiment. The ETF talk injects bullish vibes—but the headlines stirred selling pressure.
Silicon Valley Takes Sides
As Musk criticizes Trump’s policy proposals—like cutting EV subsidies—Silicon Valley figures such as Brad Gerstner and Garry Tan are publicly aligning, while others stay on the fence. This divide hints at a deeper realignment between the tech elite and populist politics.
🔍 Why This Matters for Crypto
ETF + Treasury Strategy
Combining a Bitcoin ETF with a dedicated treasury reserve is a major vote of confidence from Trump-aligned crypto advocates. It could drive institutional capital into digital assets—especially if Washington shifts policy under his influence.
Political noise rattles market sentiment quickly. While the ETF filing is structurally bullish, the ongoing spat with Musk injects volatility. Traders should be ready for sharp swings in either direction.
$DOGE $TRUMP $BTC
#TRUMP #Memecoin #AltcoinCrash #CryptoVolatility #BinanceLive
