Will This Trump ETF Bitcoin Changes Everything

In a bold move  shaking  up  both politics and finance, A Dual-Spot Bitcoin and Ether Exchange Traded Fund ( the first Trump ETF ) was proposed by Truth’s Social- Donald Trump’s Social Media Platform with assets to be custodied by crypto.com ,He just played a card nobody saw coming. His Truth’s Social platform filed an S-1 form with the U.S. Securities and Exchange Commission to launch on only one crypto Exchange Traded Fund but it went for two , targeting both Bitcoin and Ethereum in a single move.But Here’s what really shocking -

On Monday, the S-1 form was filed and proposed the Insurance and Trading of Truth Social Bitcoin and Etherium Exchange Traded Funds (Trump ETF ). The Yolkville America Digital, an Asset Management firm sponsored this.

source : sec.gov

Why this isn't just another Trump ETF?

• First ever Political Branded coins tresury.( DJTBC Ticker pending).

• Perfect Timing : Dropped right as he makes coins a 2024 campaign centrepiece.

• Double Impact : Could approve alongside Solana Exchange Traded Funds in history Crypto trifecta. (Trumo ETF  potential)

By offering shares backed by digital assets , the trust builded will provide exposure to the investors with both Bitcoin and Etherium. This would remove the complexities from direct investments.(Trump ETF Advantage)

Instant Market Earthquakes :

What happens when Politics moves Market -

• The He Memecoin turned $1000 into $1850 in 90 minutes.

• Crypto Assets options show frantic  buying of $70,000 and more contracts.

• DJT Stock's volume surpassed Tesla’s for the first time ever.(Trump ETF momemtum )

U.S. President Media’s Bitcoin Approved by SEC

The SEC’s greenlight of Donald's media’s massive coins treasury last Friday set the stage for truth social’s bold Trump ETF play. Regulatory fillings reveal -

• $2.3B bitcoin reserve : SEC approved Political media’s unprecedented crypto treasury strategy funds embarked for digital asset acquisition by SEC on Friday.

• Strategic Timing : Exchange Traded Fund filings just come 72 hours after treasury approval. Suggests coordinate Digital aseests blueprint across president;s ventures with “no immediate plans” said by the company. ( Trump funds Linkage )

• $2.5B Backstory : In late May,TMTG confirmed a $2.5B capital raise for purchasing Digital coins The capital raise was initially denied , then confirmed also it coincides with the U.S.  President's Blockchain friendly platform shift.

CoinShare eyes solana Exchange Traded Fund launch :

The Crypto Exchange Traded Fund landscape grew more crowded as coinshare filed for solana spot this fund on the same day as truth social’ Bitcoin/ Etherium proposal. (Trump ETF Counterpart)

They used Dual Strategy , regulatory floodgates and market impact .Now they are seeking to launch a similar program product in the U.S. and are up to 8 solana spots filings under SEC.

Source : Eirc Balchunas

A Solana Exchange Traded Fund approval is unlikely to happen this week. According to James Seyffart.( Bloomberg Analysts )

What comes Next :

• Beginning of the SEC countdown : Regulators scrambling to review this unprecedented.

• The Meme Market effect is now Live : Retail traders are already piling into DJT stock as a proxy bet.

• The Political Dominos : Other Politicians now face pressure to pick sides on digital assets .

• If the SEC approves this  : Major financial firms may accelerate their Digital Assets products. Meanwhile this could inspire similar celebrity/policians backed crypto etf’s.

• If the SEC rejects this  : It could lead to appeals and challenges to the decision.

The SECs first public comments often moves markets. Many traders monitor these developments closely.