Briefly
- Trump Media and Technology Group submitted a statement on the registration of SEC for his “Crypto Blue Chip Etf”.
- The truth of the Social Crypto Blue Chip etf will consist of bitcoin, Ethereum, Solana, XRP -a CRONOS.
- TMTG also made moves to offer a Spot Bitcoin ETF, as well as a common Bitcoin and Ethereum etf.
Trump Media and Technology Group has signed up with federal regulators to offer a fund that he traded on the stock market accompanying prices Bitcoin,, Ethereum,, SaltworksCroonos and XrpFintech firm said Tuesday in a statement.
Truth Social Crypto Blue Chip Etf will be composed of 70% of BTC, 15% ETH, 8% of SOL, 5% of CRO and 2% XRP, according to a registration of the S-1 registration last Thursday to the US Securities Exchange Commission.
It submits to another crypto fund that could start trading from Trump’s media in the coming months, a public commercial company faced by US President Donald Trump. The company was previously filed for two more crypto etf -oves: One focused on bitcoinand others split between Bitcoin and Ethereum – with a proportion of 75% BTC and 25% eth.
Trump Media and Technology Group shares are traded in the amount of $ 19.12 from the time of writing, which has been increasing about 2%in the last 24 hours.
TMTG did not immediately respond to Decipherptic Request for comment on the application. The truth is Social name is the social network of TMTG, where President Trump often publishes.
If they are approved, the fund shares will be listed on the NYSE Arca, the application shows. The Yorkville America Digital will sponsor the ETF. Crypto.com will serve as a guardian of the guardian and the main execution of the property, except that he acts as a provider and liquidity provider for the Fund.
TMTG’s submission of Blue Chip ETF comes because funds based on digital assets get attraction among investors in US Bitcoin ETFS races in nearly $ 50 billion Ever since the first series of funds accompanying the Crypto currency debut in January 2024, according to FARSIDE investors data.
In the meantime, Bitwise Cio Matt Hougan recently predicted that the Spot Ethereum etfs could attract about $ 10 billion in the second half of this year, according to his x publish Dated July 2.
Success Spot Bitcoin ETFS has encouraged property managers to report to offer prices monitor A wide range of additional currency curineFrom official Trump to Solana, Dogecoin and XRP.
The second planned ETF Trump Media include its American first Bitcoin Fund (AFBF), US Fund Flockchain Leaders (AFBLF) and Stablecoin state income fund, according to April, according to April statement from the company.
Trump media too collected more than $ 2.3 billion in May To establish a Bitcoin Treasury, although the company has yet to announce its first BTC buy. Recently Re -confirm your cashier plan While announcing a $ 400 million stock redemption program.
CRONOS’s price has increased on a day, which is more than 16% to the current price of $ 0.094, and most of the winnings followed after the announcement. The second property included in the ETF was mostly flat except XRP, which is 2% to $ 2,29, according to data Co ringecko.
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