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Social Entering the ETF Market with Bitcoin and Ethereum
Alongside the economic escalation, Trump's empire continues to penetrate the crypto market. The company "Truth Social", owned by Trump, has submitted an official request to the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin-based ETF ($BTC ) and Ethereum ($ETH ). The fund will be backed by assets deposited with Crypto.com through Foris Dax Trust Company.
This is part of a series of initiatives by Trump to enhance his presence in the digital market, as he previously launched the "World Liberty Financial" project and participated in various projects including stablecoins, meme coins, and even companies specialized in Bitcoin trading. He also appointed a "crypto-friendly" figure to head the SEC, a clear indication of his willingness to reshape financial laws to serve his interests.
