Trump-linked Media Exchange Traded Fund (ETF) Set to Incorporate Both Bitcoin and Ether, According to Firm
**"Hey there! Got some hot news for ya. The Trump Media & Tech Group is planning to drop a Lambo of an exchange-traded fund! This bad boy is gonna combine Bitcoin and Ethereum into one sweet, tradable asset. They're aiming to launch it later this year, with a cool 3/4 of it distributed to Bitcoin and the rest to Ethereum. Sounds like they're eyeing those cryptos hard, huh?
Now, let me fill you in on a few juicy details. Trump Media had previously revealed plans for a Bitcoin-only ETF and in May, they even said they'd be raising funds to grab some Bitcoin.
Oh, and here's the kicker - they announced back in March that they'd be teaming up with Crypto.com to offer these ETFs.
So, if you're thinking about jumping on this crypto bandwagon, keep an eye on Trump Media's shares. They've taken quite a dip recently, losing around 4% on Monday, which brings their total 2025 loss to a whopping 40%!
And remember, Bitcoin has been trading around $109,000 and Ethereum's been hanging out above $2,600. But hey, who knows what the future holds for these two heavyweights!"
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- Rumors suggest that Trump Media & Tech Group's upcoming exchange-traded fund (ETF) might also include a token for trading.
- The new ETF, combining Bitcoin and Ethereum, is expected to be distributed with a majority share going to Bitcoin and the rest to Ethereum.
- In March, Trump Media announced a partnership with Crypto.com for offering these innovative ETFs, possibly hinting at a broader focus on crypto finance and technology.
- Initial plans showed Trump Media's interest in launching a Bitcoin-only ETF, with plans to raise funds for Bitcoin earlier in May.
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