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Trump Media Introduces Crypto ETF with Unique Rewards Distribution Model

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by Giorgi Kostiuk

8 hours ago

Trump Media & Technology Group has presented its application to launch an ETF that will link Bitcoin and Ethereum, signifying an important milestone in the crypto industry.

Significance of Trump Media's ETF Application

On July 2, Trump Media submitted its application to the SEC seeking approval for the 'Truth Social Bitcoin and Ethereum Spot ETF'. This will be the first cryptocurrency fund launched by a company associated with a former U.S. President.

Product Design Innovations

The ETF will consist of 75% Bitcoin and 25% Ethereum. A key feature is the return of ETH staking income to investors, unlike most other ETFs that do not implement such distribution.

Political and Market Implications

This application could prompt changes in crypto industry regulation. In the days following the announcement, assets associated with the Trump concept surged by 47%. Experts note that this is a test for the SEC's political neutrality.

This initiative illustrates how political influence can intersect with the crypto industry and potentially change the rules in this segment.

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