The move follows Truth Social’s filing for a standalone Bitcoin ETF this June.
The price of Bitcoin could be tied to the outcome of the US elections, which heavily influence the ups and downs of the crypto giant BTC.
The move aligns with the Trump family’s crypto interests, as World Liberty Financial is linked to Ethereum.
Trump Media and Technology Group (DJT) filed an application on Monday to list a Bitcoin and Ethereum exchange-traded fund (ETF) on its social network, Truth Social.
ETH THIS DAY:
$2,604.11
If approved, the fund would join a large list of cryptocurrency ETFs, such as those managed by BlackRock, Grayscale, and Fidelity. Bitcoin ETFs alone currently manage $131 billion in assets through 2025.Donald Trump is currently the President of the United States. He was inaugurated for his second term on January 20, 2025, after winning the November 2024 election in a historic comeback against Democrat Kamala Harris.This is his second non-consecutive term, having previously served from 2017 to 2021. His return makes him the first president in U.S. history to serve two non-consecutive terms, a feat similar to Grover Cleveland’s in the 19th century.