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Trump Media & Technology Group (TMTG) has filed with the US Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) that will invest in both Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies.
This filing, reported by Reuters, marks the second exchange-traded fund proposal from the company in less than two weeks, indicating a strong push into the digital asset market.
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New Crypto ETFs From Trump Media
If approved, the proposed Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF would enter a crowded market already dominated by established players like BlackRock, whose iShares Bitcoin ETF boasts an impressive $72.5 billion in assets.
Bryan Armour,
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