Trump’s Truth Social Officialy Files For Bitcoin And Ethereum ETFs With NYSE
Trump Media and Technology Group Corp (TMTG) has filed for a second crypto exchange-traded fund (ETF) focused on Bitcoin (BTC) and Ethereum (ETH) with the SEC. If approved, the ETF will trade on NYSE Arca. This filing follows a recent prospectus submission to the Connecticut Attorney General via its SPAC partner, Yorkville America. TMTG, majority-owned by Donald Trump, aims to raise $2.4 billion to become a major corporate holder of Bitcoin, diversifying its business and attracting investors. The success of the ETFs may depend on their fee structures amid existing competition. Bitcoin is currently trading at $106,000, recovering from a drop attributed to geopolitical tensions. Analyst Mr. Wall Street predicts Bitcoin could reach $180,000-$250,000 this year, noting a shift of over $20 billion from gold to Bitcoin. He indicates that recent market corrections may precede significant price increases, despite ongoing geopolitical noise.
