Trump Media’s Truth Social submits SEC filing for Bitcoin ETF, potentially changing the crypto investment landscape.
- Main event: Trump Media files for Bitcoin ETF with SEC.
- Potentially pivotal in U.S. Bitcoin investment access.
- Seeks to list Bitcoin ETF on NYSE Arca.
Trump Media’s Truth Social has filed for a Bitcoin ETF with the SEC, aiming for NYSE Arca listing.
This filing could significantly influence institutional access to Bitcoin investments, with Crypto.com involved as custodian.
Trump Media Pursues SEC Approval for Bitcoin ETF
Truth Social, operated by Trump Media, has filed Form S-1 with the SEC for a Bitcoin ETF.
Crypto.com is designated as the exclusive Bitcoin custodian and liquidity provider, enhancing institutional trust.
Potential Market Expansion for Bitcoin Exposure
The ETF launch could expand market access for investors seeking direct BTC exposure.
The connection with Trump adds a distinct regulatory perspective, influencing potential approval odds.
unique filing mentioning the risk disclosures due to Trump’s explicit pro-crypto agenda
Spot Bitcoin ETF: Historical Rejection and New Hopes
Prior U.S. spot Bitcoin ETF filings have faced rejection, making this filing particularly noteworthy.
Market manipulation concerns have been a focal point, yet institutional interest persists, showing demand for a spot Bitcoin ETF.
the first time ever the advisor is in the risk section of a crypto ETF prospectus
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