Planned ETF by Trump Media & Technology Group
In a recent announcement, Trump Media & Technology Group (TM&TG) revealed plans to delve into the arena of exchange-traded funds. The group plans to combine Bitcoin and Ether, forming a singular tradable asset. This move comes as an exciting development in the finance sector and showcases the increasing interest and adoption of cryptocurrencies.
Intention behind the Bitcoin and Ether ETF
TM&TG declared its intent to establish an ETF that would directly hold both Bitcoin and Ether. The group is planning to allocate a quarter of its assets to Ether and the remaining to Bitcoin. ‘Later this year,’ is the expected timeframe provided by the company for the launch. This new asset will undoubtedly increase the exposure and reliability of cryptocurrencies.
Previous Announcement of a Bitcoin-only ETF
Earlier this month, the group had revealed their plans to inaugurate a Bitcoin-only ETF. Additionally, Trump Media & Technology, in late May, announced that it is in the process of raising funds to purchase Bitcoin. These developments are indicative of the company’s efforts to gain a strong footing in the cryptocurrency market.
Previous Crypto Ventures and Partnerships
The firm had announced early this year about their intention to venture into the world of crypto-related products. Trump Media & Technology Group had partnered in March with Crypto.com to bring forth the ETFs, showcasing their commitment to cryptocurrency integration.
Current Market Status of Trump Media & Technology Group
The shares of Trump Media & Technology Group saw a slight drop of around 4% on Monday, closing just under $19. This brought the group’s pullback to over 40% in 2025. The recent trading prices of Bitcoin were observed to be slightly lower than $109,000. Meanwhile, Ether was seen trading above $2,600. Despite the fluctuations in the market, the company’s interest and investment in the crypto world seem unwavered.
