Latest news with #TrumpMedia&TechnologyGroupCorp
Yahoo
29-07-2025
- Business
- Yahoo
SEC Postpones Decision on Truth Social Bitcoin ETF
Investors anticipating the proposed Truth Social Bitcoin ETF will need to wait a bit longer, as the Securities and Exchange Commission has delayed its decision on the fund. The agency is delaying its approach or disapproval of the exchange-traded fund until Sept. 18 from Aug. 4, according to a notice the SEC issued on Monday. Trump Media & Technology Group Corp. (DJT)—operator of the social media platform Truth Social—filed in June to launch the fund, which would seek to track the performance of Bitcoin. SEC Delays Truth Social Bitcoin ETF Decision The SEC said it 'finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,' according to the notice. The Wall Street watchdog also delayed its approval decision of the Grayscale Solana Trust and the Canary Litecoin ETF—funds that would provide investors with exposure to popular so-called altcoins—to Oct. 10 and Oct. 2, respectively. Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA While the SEC has adopted a friendlier stance towards the crypto industry during President Donald Trump's second term, Commissioner Hester Peirce said during an interview with Bloomberg's 'Trillions' podcast in May that 'people have to be patient.' She explained that the SEC has 'a limited number of people' working on the crypto exchange-traded product filings and that the agency has to assess multiple factors, including whether the product meets technical requirements and whether there is any ongoing related litigation. Trump's Ties to Crypto The delay also comes amid heightened concerns around the president's close ties to the crypto industry. In June, Trump Media filed for the Truth Social Bitcoin and Ethereum ETF, which would track the two most popular cryptocurrencies with a three-to-one ratio of Bitcoin to Ethereum by value, according to the filing. It followed up a filing in July for the Truth Social Crypto Blue Chip ETF, which would allocate 70% of its assets to Bitcoin, 15% to Ether, 8% to Solana, 5% to Cronos and 2% to XRP, the filing said. Meanwhile, the president recently signed the GENIUS Act, which creates a regulatory framework for stablecoins, into | © Copyright 2025 All rights reserved Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Yahoo
08-07-2025
- Business
- Yahoo
Trump Media Furthers Push Into Crypto With Third ETF Filing
(Bloomberg) — Trump Media & Technology Group Corp. (DJT, DJTWW) is plowing deeper into the cryptocurrencies space with a new filing for an exchange-traded fund that would hold a number of digital assets including Bitcoin (BTC-USD), Ether, Solana and others. Are Tourists Ruining Europe? How Locals Are Pushing Back Denver City Hall Takes a Page From NASA In California, Pro-Housing 'Abundance' Fans Rewrite an Environmental Landmark Can Americans Just Stop Building New Highways? A Tuesday filing showed the social-media firm owned by President Donald Trump seeking to launch the 'Crypto Blue Chip' fund, with the paperwork marking its third ETF filing. The fund, should it launch, would hold Bitcoin, Ether, Solana, Cronos and XRP directly, though nearly three-quarters of it would be comprised of Bitcoin, the largest token in the market. Though ETFs holding Bitcoin and Ether already trade in the US, no such funds hold Cronos or XRP directly. It marks Trump Media's third filing for crypto-based ETFs, with the firm having filed for a Bitcoin-Ether product as well as one tied solely to Bitcoin. Should any of them launch, they'd join a crowded field of crypto-minded offerings, as more than 10 Bitcoin-specific funds already trade in the US, as do many other digital-asset-based products. The Trump Media offerings would also present direct competition for issuers vying to stand out in the space. Earlier: Trump Media Deepens Crypto Push With Bitcoin–Ether ETF Filing Trump Media is the company behind Truth Social and is majority-owned by the president. The president's deepening crypto ties have drawn criticism from ethics experts, who point to the potential for financial gain in areas where Trump also sets policy. The White House has said the president is walled off from his namesake businesses. The president had embraced the crypto industry during his presidential run and has made good on a number of promises. The price of Bitcoin has risen during Trump's second term, with the coin increasing roughly 55% since October to currently trade around $108,900 apiece. Will Trade War Make South India the Next Manufacturing Hub? 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too For Brazil's Criminals, Coffee Beans Are the Target Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Sign in to access your portfolio
Yahoo
06-06-2025
- Business
- Yahoo
Trump Media Files Bitcoin Treasury Registration
Trump Media & Technology Group Corp. (DJT) filed a registration statement with the Securities and Exchange Commission for its $2.5 billion Bitcoin treasury strategy, according to a company announcement. The move represents what Trump Media calls one of the largest corporate Bitcoin allocations by a public company and signals the company's expansion beyond social media into financial services, according to the press release. Corporate Bitcoin strategies have gained traction following similar moves by companies like Strategy Inc. (MSTR), which holds over $41.6 billion in Bitcoin as of May 25, the company said. The registration statement will provide Trump Media with "the capital, assets, independence, flexibility, and security we need to fulfill our goals of rapid expansion, guaranteeing a wide array of ways to access the capital markets when it's most advantageous to do so," according to the Friday press release. The company entered subscription agreements for $1.5 billion in common stock and $1 billion in convertible notes, according to the filing. Trump Media shares were up about 4.7% Friday morning but remain down 38% year to date. The proceeds will be used for the company's creation of a Bitcoin treasury and for general corporate purposes, according to the press release. Read More: Trump Media Raises $2.5B for Bitcoin Treasury Strategy The registration statement seeks to register for resale by selling security holders up to 84.6 million shares of common stock, according to the filing. The shares represent approximately 52.8% of Trump Media's public float and approximately 30.6% of outstanding shares as of June 4, according to the filing. The filing also allows for a primary offering of up to $12 billion in various securities, including common stock, preferred stock, debt securities, warrants, rights and units, according to the registration statement. This universal shelf registration provides Trump Media flexibility to access capital markets when conditions are favorable. CEO Devin Nunes said the activities will help the company "acquire crown jewel assets, and draw more customers and users into the patriot economy," according to the press release. The company operates Truth Social, the Truth+ streaming platform and is launching the financial services brand, according to the press release. The broader strategy includes trademark filings for three ETFs combining digital assets with "Made in America" securities, according to previous filings. The Made in America ETF, the U.S. Energy Independence ETF and the Bitcoin Plus ETF will target multiple sectors. The company plans to invest up to $250 million of its own reserves into these products through Charles Schwab as custodian, according to previous | © Copyright 2025 All rights reserved
Time of India
05-06-2025
- Business
- Time of India
Trump Media advances Bitcoin ETF plans with Truth Social Brand
Trump Media & Technology Group Corp. appears to be one step closer to launching an exchange-traded fund tied to Bitcoin, joining the crowded field of crypto-investment offerings for the retail masses. NYSE Group Inc. filed regulatory paperwork on Tuesday to list the Truth Social Bitcoin ETF , using the name of President Donald Trump 's social network. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Зачем на ночь сжигают лавровый лист? Undo Trump Media, which is majority-owned by Trump, applied in February to trademark brands for investment products with themes that closely track the president's policy priorities, including Bitcoin. The firm signed a formal agreement with a New Jersey-based firm, Yorkville Advisors — which it referred to as 'an America-First asset management firm' — to shepherd the products through the approval process. Crypto Tracker TOP COIN SETS BTC 50 :: ETH 50 -5.08% Buy Smart Contract Tracker -7.30% Buy DeFi Tracker -11.03% Buy Web3 Tracker -13.12% Buy NFT & Metaverse Tracker -14.49% Buy TOP COINS (₹) Ethereum 224,147 ( 0.68% ) Buy BNB 57,022 ( 0.6% ) Buy Bitcoin 9,005,718 ( -0.34% ) Buy Solana 13,182 ( -1.07% ) Buy XRP 189 ( -1.56% ) Buy Yorkville America Digital is listed in Tuesday's filing as the sponsor of the new Truth Social ETF, which is set to buy and sell Bitcoin in order to track the price of the cryptocurrency. — through an affiliated entity named Foris DAX Trust Company LLC — will be the custodian of the digital tokens, according to the filing. The document does not mention Trump or offer a ticker or fees for the new fund. Did you Know? The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors. View Details » Yorkville and Trump Media did not immediately respond to requests for comment. Live Events If the fund is approved, it will join a universe of more than 60 US ETFs tied to Bitcoin. This one, though, could benefit from its ties to a president who has pushed for Bitcoin-friendly legislation and talked about creating a national cryptocurrency reserve. 'On one hand, this is pretty unchartered territory and a huge endorsement of Bitcoin from Trump's company,' said Bloomberg Intelligence senior ETF analyst Eric Balchunas. 'But on the other, it's a routine filing in a very crowded category and it will have its work cut out to attract flows and liquidity.' The ETF is one of the many cryptocurrency-related businesses being built by companies tied to Trump. Trump Media recently announced that it would be borrowing money to invest in Bitcoin, and the company previously said it would invest in the ETFs it issues. The links have drawn criticism from ethics experts because of the way Trump could benefit financially from areas where he is also responsible for setting policy. The White House has previously said the president is walled off from the businesses that carry his name. He has transferred about $4 billion worth of Trump Media shares to a trust controlled by his son Donald Trump Jr.
Economic Times
30-05-2025
- Business
- Economic Times
Trump Media raises $2.44 billion for Bitcoin treasury plan
Synopsis Trump Media & Technology Group Corp. secured approximately $1.44 billion through stock sales and $1 billion in convertible bonds, earmarking the funds to establish a Bitcoin treasury. Following the announcement, the company's shares experienced a rise, with the deal providing over $3 billion in liquid assets and Bitcoin exposure to shareholders. Crypto.
