Analysis: If Trump Media & Technology Group’s BTC and ETH ETFs Are Approved, They Will Compete with Giants Like BlackRock
According to a filing submitted to the U.S. Securities and Exchange Commission on Monday, Trump Media & Technology Group (DJT.O) is seeking to launch an ETF that will invest in Bitcoin and Ethereum, the two largest cryptocurrencies. This marks the second cryptocurrency ETF application submitted by the Trump-affiliated social media company in less than two weeks. If approved, the Truth Social Bitcoin ETF and Truth Social Bitcoin & Ethereum ETF would enter a crowded and highly competitive market already dominated by a handful of well-known asset management firms such as BlackRock, whose iShares Bitcoin ETF holds $72.5 billion in assets.
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