Analysis: Trump Media Technology Group BTC and ETH ETF will compete with giants such as BlackRock if approved
According to a filing with 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 application for a cryptocurrency ETF by the Trump-linked social media company in less than two weeks. If approved, the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF will break into a crowded and competitive market already dominated by a few well-known asset managers such as BlackRock, whose iShares Bitcoin ETF has $72.5 billion in assets.
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