Is Trump About to Make Bitcoin Great Again? Find Out! 🇺🇸💰

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Is Trump About to Make Bitcoin Great Again? Find Out! 🇺🇸💰

Darling readers, brace yourselves — Truth Social’s parent company has decided to dip its toes into the murky waters of cryptocurrency, filing for a spot Bitcoin ETF. Because, naturally, what’s more charming than mixing politics with paper profits? ✨

According to a June 3rd communiqué (because why not be formal), the Securities and Exchange Commission has received a lovely little form from NYSE Arca, on behalf of the equally lovely Yorkville America Digital — oh, and just a dash of Trump Media & Technology Group’s influence, darling. Doesn’t that sound cozy?

The aim? To track the stellar performance of Bitcoin and parade it on NYSE Arca — as if we needed more glitter in the crypto crown jewel. No ticker or management fee disclosed, but we’re told Foris DAX Trust, the trusted custodian of Crypto.com, will keep the digital treasure safe. How reassuring! 🛡️

Now, the SEC has a mere 45 days to decide if this spectacle will go ahead, or if they need longer — up to 240 days, in fact, sweet readers — with a grand finale on January 29, 2026. Meanwhile, Yorkville will be polishing its registration, detailing risks and plans like a debutante with her dance card. 💃🏻

Meanwhile, even though our dear Donald Trump is the majority owner of TMTG, his name, quite mysteriously, doesn’t appear in this ETF fairy tale. Apparently, his shares are in a trust controlled by the equally charming Donald Trump Jr. One must keep up appearances, after all. 🎩

This ETF will be one of eleven already vying for attention, led by BlackRock’s IBIT, which commands nearly $69 billion — because size matters, darling. An affiliation with Trump might just sway the more passionate investors or stir up a cocktail of conflicts and curiosities. Cheers! 🥂

The filing states: “The Trust seeks to reflect the performance of the price of bitcoin before payment of expenses and liabilities.” Because, naturally, everyone loves a transparent, trustworthy reflection — right? 🙃

And the crypto rains don’t stop there. TMTG is playing the field, with a shiny partnership with Crypto.com & Yorkville to develop American-made crypto ETFs and pledging up to $250 million. Clearly, their crypto ambitions are as big as a Manhattan skyline. Last week, a staggering $2.4 billion was raised for a Bitcoin treasury — quite the pocket change! 💸

Not to mention, Trump Media has filed for “Truth.Fi Bitcoin Plus ETF” trademark — because, in this game, branding is everything. Critics, of course, scoff at the blurred lines between business and politics, but who’s counting? After all, crypto’s making headlines, and political weight gives it that extra sparkle. ✨

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2025-06-04 05:50