The recent public fallout between Elon Musk and Donald Trump has had notable repercussions across financial markets:
Tesla's stock plummeted by 14%, erasing approximately $150 billion in market value.
Bitcoin experienced a 4% drop, influenced by the broader market instability.
Trump Media & Technology Group (TMTG) announced plans to launch a "Truth Social Bitcoin ETF," aiming to hold Bitcoin directly. However, this move has faced skepticism due to the already competitive ETF market.