The latest crypto ETF launch is drawing attention as Trump Media and Technology Group takes a bold step into digital finance. On Tuesday, the company filed with the U.S. Securities and Exchange Commission to introduce the Truth Social Crypto Blue-Chip ETF.
The proposed fund will hold a mix of five major cryptocurrencies. These include Bitcoin, Ether, Solana, Cronos, and Ripple. According to the company, 70% of assets will be in Bitcoin, 15% in Ether, 8% in Solana, 5% in Cronos, and 2% in Ripple.
The goal of this crypto ETF launch is to mirror the price performance of these five digital currencies. Investors will be able to access the fund through regular brokerages. This approach helps simplify crypto investing by avoiding private wallets or keys.
Meanwhile, the U.S. Senate recently approved a groundbreaking crypto regulation bill. The bill passed with a 68-30 vote and now heads to the House for final approval. If passed, Trump is expected to sign it into law, making it a major win for the crypto industry.
Market analysts see this regulatory clarity as a boost for cryptocurrency investment. Arthur Hayes, co-founder of BitMEX, believes Bitcoin could hit $150,000 by the end of 2025. He also points to a weakening dollar and dovish Fed policies as fuel for a Bitcoin rally.
Adding to this optimism, billionaire Tim Draper predicts Bitcoin will reach $250,000 this year. He also suggests that Bitcoin may eventually replace fiat currencies, especially if trust in governments continues to decline.
For investors who want exposure now, the ProShares Bitcoin Strategy ETF (BITO) remains popular. The fund mirrors Bitcoin’s spot price performance and pays monthly dividends. It recently paid out $0.776571 on July 8, following a $0.99724 payout in June.
As prices climb, BITO has surged from $15 in April to $20.98 today. If the trend holds, it may soon test $25. Those seeking to profit from falling Bitcoin prices can consider the ProShares Short Bitcoin ETF (BITI), which moves inversely to Bitcoin futures.
In summary, this crypto ETF launch highlights the growing connection between mainstream finance and the digital asset market.
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