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Trump Media and Technology Group Corp (TMTG) officially filed its second negotiated fund in exchange for crypto (ETF), focusing on Bitcoin (BTC) and Ethereum (ETH), as detailed in a recent deposit at the Securities and Exchange Commission (dry).
Trump Media Files for the second ETF Crypto
If the SEC approves this new investment product, it will exchange on Nyse Arca, the electronic division of the New York Stock Exchange known for the processing of transactions of negotiated funds on the stock market.
This last dossier comes eight days after TMTG subject A prospectus with the Connecticut Attorney General by means of his Partner of Acquisition Company for Special Ends (SPAC), Yorkville America.
The majority, the majority, President Donald Trump, Trump Media, intensifies his efforts to promote financial products related to blockchain technologies. The company aims to provide the public with regulated investment vehicles which offer exposure to the cryptocurrency market.
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Recently, Trump Media announced its ambition to raise $ 2.4 billion, in order to become one of the biggest Bitcoin holders. This decision seems to be part of a broader strategy to diversify its activities and attract a wider range of investors.
By launching several ETF focused on cryptoTrump Media hopes to arouse significant interest in his stock, potentially positioning himself as an attractive option for cryptocurrency lovers.
However, with several Crypto ETF already available on the market, there are questions about the amount of the investors’ interest that these funds will arouse. The success of the FNB will probably depend on their cost structures and their competition in relation to existing options.
Bitcoin to reach $ 180,000 at $ 250,000
Bitcoin is currently negotiating at $ 106,000, recovering from 3% against a recent drop to $ 98,000. This volatility is widely attributed to the current conflict between Israel and Iran, which has intensified in the last 12 days, which has a significant impact on the financial markets.
The market analyst known as Mr. Wall Street recently shared his ideas on the X social media platform (formerly Twitter), reiterate His bruising objectives for Bitcoin, who, according to him, will reach between $ 180,000 and $ 250,000 this year despite everything external conflict.
Interestingly, Mr. Wall Street noted a significant change in capital flows, with more than $ 20 billion from Bitcoin gold in the past two weeks.
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This trend suggests that institutional investors and hedge funds are increasingly considering Bitcoin as a more reliable value store compared to gold, given the fixed bitcoin offer.
In addition, Mr. Wall Street stressed that over -the -counter offices (OTC) become less liquid, which indicates that a significant increase in the price of bitcoin could be imminent.
A key indicator, the hash ribbonRecently flashed, reporting that Bitcoin often undergoes a 10% correction before rallying from 50 to 125%. Mr. Wall Street estimates that the recent drop to $ 98,000 has formed this correction, and he anticipates a substantial return on investment in current levels.
In the future, the analyst expects a “continuous noise” of the geopolitical landscape, but he thinks that additional escalation is unlikely. The recent drop in the market has created a feeling of fear, which historically precedes significant prices, said Wall Street.
Dall-e star image, tradingView.com graphic
