Analysis: Trump Media Technology Group’s BTC and ETH ETFs will compete with giants such as BlackRock if approved
6 hours ago
Odaily News Trump Media Technology Group (DJT.O) is seeking to launch an ETF that will invest in the two largest cryptocurrencies, Bitcoin and Ethereum, according to a filing with the U.S. Securities and Exchange Commission on Monday. This marks the second cryptocurrency ETF application submitted by the Trump-related social media company in less than two weeks. If approved, the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF will break into a crowded and competitive market that is already dominated by a few well-known asset management companies such as BlackRock, whose iShares Bitcoin ETF has $72.5 billion in assets. (Jinshi)
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