#Trump Files for Bitcoin ETF



🇺🇸 Trump’s Bitcoin ETF Move

Former US President Donald Trump's Trump Media & Technology Group (TMTG) has officially filed an application to launch a spot Bitcoin ETF named Truth Social Bitcoin ETF.

📌 Basic Features of ETF:
• It is configured to hold Bitcoin directly.
• It is planned to be traded on the NYSE Arca exchange.
• The sponsor, Yorkville Digital, has previously worked with TMTG.

📊 Purpose:
To provide investors with the opportunity to gain exposure to Bitcoin price performance without directly investing in digital assets.

🏛️ Political Background:
Trump had previously taken a negative stance against Bitcoin. However, recently he has been more favorable towards digital assets. He even supported a decision proposing the establishment of a "Strategic Bitcoin Reserve" owned by the U.S. government.

📉 Market Reaction:
Following the news, Trump Media shares fell by 8%. This reflects investors' cautious approach to entering the crypto market.

🔍 Upcoming Process:
The approval of the SEC is required for the ETF to become operational. The evaluation period is approximately 240 days.
TRUMP0,34%
BTC0,78%
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TonmoyBDvip
· 06-06 18:20
Thank you for the information and sharing ✅️🍀
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muhengivip
· 06-06 08:42
Bull Run 🐂
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BIRJAvip
· 06-06 05:41
Thanks for the your greeting 💎
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