Truth Social, backed by Trump Media, is pursuing a spot Bitcoin ETF. The SEC, with a friendly stance under Paul Atkins, could support its approval. The ETF’s Bitcoin assets will be managed by Yorkville America Digital, demonstrating a strategic move to enter the crypto market.
Trump Media’s plans include a 2.5 billion USD capital raise for Bitcoin initiatives and the introduction of Truth.Fi, which offers investment tools. This approach indicates TMTG’s commitment to becoming a significant player in the crypto space, capitalizing on a shifting regulatory landscape.
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