Uncover Every Angle.
Published loading...Updated

Trump Media Files Registration Statement for Bitcoin and Ethereum ETF

  • On June 16, 2025, Trump Media submitted a registration statement to the SEC for an exchange-traded fund named Truth Social that will invest primarily in Bitcoin and Ethereum.
  • This filing follows Trump Media's earlier moves into crypto, including partnering with Crypto.com and raising $2.5 billion for a Bitcoin treasury.
  • The ETF will invest 75% of assets in bitcoin and 25% in ethereum, with Crypto.com serving as custodian and execution agent, pending SEC approvals.
  • Bryan Armour highlighted that new competitors will face difficulties entering this space, which is currently led by major managers like BlackRock, whose Bitcoin ETF assets amount to $72.5 billion.
  • The ETF's launch could expand Trump Media's crypto presence and aims to list shares on NYSE Arca, reflecting the price of the two largest cryptocurrencies.
Insights by Ground AI
Does this summary seem wrong?

42 Articles

All
Left
3
Center
6
Right
2
Center

According to the original report, Donald Trump's media company, Trump Media & Technology Group, has decided to place a strong stake in the cryptocurrency world. They have submitted an application to the Stock Exchange and Securities Commission to launch a new listed stock exchange fund (ETF) that will focus on the two largest cryptocurrencies in the market: bitcoin and ether.This movement follows several other Trump efforts in the cryptic enviro…

Read Full Article
Center

At a Wall Street phone conference in April, Eric Trump launched for the most recent company in the rapidly expanding cryptocurrency empire of his family. Trump, the president’s second son, said he was joining forces with the cryptocurrency company Hut 8 to start a company focused on bitcoin mining, the business of running energy-intensive machines to generate new currencies. Bitcoin mining is a notoriously difficult industry. But in his speech, …

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 55% of the sources are Center
55% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Coin Academy broke the news in on Monday, June 16, 2025.
Sources are mostly out of (0)