Group 1 - Truth Social platform is moving closer to launching a bitcoin exchange-traded fund (ETF) for everyday investors [1][2] - NYSE Arca has filed to list a bitcoin fund linked to Trump Media, which is a necessary step for regulatory approval [2] - The Truth Social Bitcoin ETF aims to track bitcoin prices, providing a simpler investment method without direct asset ownership [3] Group 2 - Trump Media has partnered with Crypto.com to introduce a range of digital asset products, pending regulatory approval [3][4] - Planned offerings include cryptocurrency baskets and traditional securities, targeting global investors through major brokerage platforms [4] - The bitcoin ETF market has grown significantly since January 2024, reaching over 130 billion in total assets, with BlackRock's iShares Bitcoin Trust being the largest [5] Group 3 - Trump Media & Technology Group, majority-owned by Trump, has made several crypto-related moves, including a 2.5 billion bitcoin treasury plan [6] - If approved, the ETF would be a politically connected entry into the expanding bitcoin fund market [6]
Trump's Truth Social takes step toward launching bitcoin ETF with NYSE Arca filing