Trump Media plans to increase its Crypto offers as the company’s files for ETF Third encryption with SEC. The new box will have encrypted currencies such as Bitcoin, Solana, Eter, CRONOS and XRP.
The proposed box – ETF blue slide encrypted on Tuesday.
According to the deposit, the fund will allocate approximately 75 % of its property to Bitcoin, the largest encrypted currency depending on the market value.
The remaining post will be distributed through other listed symbols, with direct exposure to each. Although the investment funds traded in the investment funds circulated in Bitcoin and Al -Atheer are already available in the American market, the CRONOS and XRP inclusion will make the Trump -backed product one of the first to carry these assets directly.
Part of the broader strategy
Crypto Blue Chip Etf represents the introduction of the third ETF from Trump Media, the parent company of Social and Firm-Myplication owned by President Donald Trump.
Previous deposits include investment funds in Bitcoin only and Bitcoin-Eter Hybrid.
More than ten of the currently focused on Bitcoin is trading in the United States, along with various other digital asset funds.
Trump’s media files will be already entered into a crowded field, which is likely to intensify competition between exporters who seek to distinguish between their shows.
If approved, ETFS can attract these investors looking for diverse exposure to leading encrypted currencies in one product.
Regardless of encryption offers, Trump also revealed a smartphone at a price of $ 499 and a portable network.
The company said that Trump Mobile calls will be completely in the United States.
Ethical concerns and politics effects
Trump’s in -depth participation in the field of cryptocurrency has led to an audit of ethics experts, who raised concerns about the possibility of financial conflicts in interests, given his double roles as president and employer.
Critics pointed to the overlap between the policy industry and personal financial interests in the sectors such as digital assets.
The White House stated that President Trump has been wandering of his work, and he conveyed control of his media holdings – including about $ 4 billion in Trump’s media shares – to confidence -controlled by his son, Donald Trump Junior.
Despite the controversy, Trump maintained a supportive position for profit for his second term, as he pledged to support the industry on the campaign’s path and support relevant initiatives.
Bitcoin rises during Trump’s second term
The latest ETF file comes against the background of a wider bull operating in the encrypted currency markets.
Bitcoin has risen about 55 % since October and is currently trading about $ 108,900.
The increase is in line with Trump’s -supporting policies and reflects the investor’s continuous appetite for exposure to digital assets.
If Crypto Blue Chip ETF gets organizational approval, investors will provide a new means of diverse exposure to the highest digital symbols, which enhances Media’s role in forming the next stage of Crypto Investment products in the United States.
Media Post Trump appeared for Third Crypto ETF first on Invezz
