The Trump Media & Technology Group Corp. Plow deeper into the space of cryptocurrencies with a new submission of a stock market fund that contains a number of digital assets including the digital assets, including the digital assets BitcoinEther, Solana and other.
Registration on Tuesday showed that the social media company President Donald Trump, who wanted to start the “Crypto Blue Chip” fund, wanted to start his third ETF registration with the paperwork. The fund, should he start, would keep Bitcoin, Ether, Solana, Cronos and XRP directly, although almost three quarters consist of Bitcoin, the largest token on the market. Although ETFs that Bitcoin and Ether are already trading in the United States are traded in the United States, no such funds keep cronos or XRP.
It is the third registration of Trump Media for crypto-based ETFs, whereby the company has submitted both a Bitcoin-eher product and one bound exclusively to Bitcoin. If one of them starts, they would join an overcrowded field of crypto-oriented offers, since more than 10 bitcoin-specific funds are already traded in the USA, as well as many other products on digital asset. The Trump media offers would also present a direct competition for issuers who stand out in the room.
Trump Media is the company behind Truth Social and is owned by the president several times. The in -depth crypto bonds of the president have drawn criticism from ethics experts who indicate the potential for financial profit in areas in which Trump also defines politics. The White House said that the president was converted by his namesake.
The President had accepted the crypto industry during its presidential start and did a number of promises. The price of Bitcoin has increased in Trump’s second term, with the coin rising by around 55% since October and currently trading around 108,900 US dollars each.
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