Analysis: Trump Media Technology Group’s BTC and ETH ETFs will compete with giants such as BlackRock if approved
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Odaily Planet News: According to a document 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-related social media company in less than two weeks. If approved, the Truth Social Bitcoin ETF and Truth Social Bitcoin & Ethereum ETF will enter a crowded and competitive market already dominated by a few well-known asset management companies, with BlackRock's iShares Bitcoin ETF holding $72.5 billion in assets. (Jintian)
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