💥 ETF Force Awakens: Trump Media launches a dual BTC-ETH fund!
Trump Media (DJT/Truth Social) has filed Form S-1 with the SEC for a spot ETF that will hold 75% Bitcoin and 25% Ethereum, with custody and liquidity provided by Crypto.com, sponsored by Yorkville America. NYSE Arca has submitted a Form 19b-4 application for listing on the exchange.
With this strategy, Trump Media is delving into crypto regulation and riding the wave of hype following the launch of the Bitcoin treasury at $2.5 billion. However, a conflict of interest is possible: the NYSE and SEC are connected to political figures, including Trump.
📍 What does this mean?
— A new competitor in the spot ETF competitive landscape;
— Investments "through the brand" Truth Social may attract politicized traders;
— The SEC may delay approval, but if they pass it - it will be a very loud launch.
⚠️ Caution: this is still registration, not launch - investing should only be considered after official approval.
