Trump's Truth Social Files for Game-Changing Bitcoin & Ethereum ETF

Truth Social's ETF Play: Political Genius or Risk?

In a bold move, shaking up both politics and finance, A Dual-Spot Bitcoin and Ether ETF was proposed by Truth’s Social- Donald Trump’s Social Media Platform, with assets to be custodied by Crypto.com. He just played a card nobody saw coming. His Truth’s Social platform filed an S-1 form with the U.S. Securities and Exchange Commission to launch only one crypto exchange-traded fund, but it went for two, targeting both Bitcoin and Ethereum in a single move.B ut here’s what shocking -

On Monday, the S-1 form was filed and proposed the Insurance and Trading of Truth Social Bitcoin and Ethereum ETF. The Yolkville America Digital, an Asset Management firm, sponsored this.

Why isn't this just another ETF?

• First-ever Political Branded coins treasury.( DJTBC Ticker pending).

• Perfect Timing: Dropped right as he makes coins a 2024 campaign centrepiece.

• Double Impact: Could approve alongside Solana ETF in historic Crypto trifecta.

By offering shares backed by digital assets, the trust built will provide exposure to the investors with both Bitcoin and Ethereum. This would remove the complexities from direct investments.

Instant Market Earthquakes :

What happens when Politics moves the Market?

• The Memecoin turned $1000 into $1850 in 90 minutes.

• Crypto Assets options show frantic buying of $70,000 and more contracts.

• DJT Stock's volume surpassed Tesla’s for the first time. ( ETF momemtum )

U.S. President Media’s Bitcoin Approved by SEC 

The SEC’s green light of the President’s massive coin treasury last Friday set the stage for Truth Social’s bold ETF play. Regulatory filings reveal -

• $2.3B bitcoin reserve: SEC approved Political media’s unprecedented crypto treasury strategy funds embarked for digital asset acquisition by the SEC on Friday.

• Strategic Timing: ETF filings just come 72 hours after treasury approval. Suggests coordinating Digital assets blueprint across president's ventures with “no immediate plans” said by the company.

• $2.5B Backstory : In late May,TMTG confirmed a $2.5B capital raise for purchasing Digital coins The capital raise was initially denied , then confirmed also it coincides with the U.S.  President's Blockchain friendly platform shift.

CoinShare eyes solana Exchange Traded Fund launch :

The Crypto Exchange Traded Fund landscape grew more crowded as coinshare filed for solana spot this fund on the same day as truth social’ Bitcoin/ Etherium proposal. 

They used Dual Strategy , regulatory floodgates and market impact .Now they are seeking to launch a similar program product in the U.S. and are up to 8 solana spots filings under U.S. Security and Exchance Commission. 

Source : Eirc Balchunas

A Solana  Exchange Traded Fund approval is unlikely to happen this week. According to James Seyffart.(Bloomberg Analysts)

What comes Next :

• Beginning of the SEC countdown : Regulators scrambling to review this unprecedented.

• The Meme Market effect is now Live : Retail traders are already piling into DJT stock as a proxy bet.

• The Political Dominos : Other Politicians now face pressure to pick sides on digital assets .

• If the SEC approves this  : Major financial firms may accelerate their Digital Assets products. Meanwhile this could inspire similar celebrity/politicians backed crypto ETF.

• If the SEC rejects this  : It could lead to appeals and challenges to the decision. 

The U.S. Security and Exchance Commission's first public comments often moves markets. Many traders monitor these developments closely.