$BTC TrumpBTCTreasury The ETF would allow investors to access BTC via NYSE Arca without the need for wallets — this is attractive for institutional and conservative environments.

It also adds competitive pressure to the ETF ecosystem, dominated by BlackRock and Fidelity, and attracts capital that otherwise would not enter crypto.

5. Risks of conflict of interest and political polarization

The close relationships between Trump Media, Yorkville America, and Crypto.com raise doubts about corporate governance in the ETF structure.

The strong media exposure generates polarization: some investors might see it as an opportunity, others as a political threat.