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Image Credit: Bloomberg Quint

Trump Media Furthers Push Into Crypto With Third ETF Filing

  • Trump Media & Technology Group Corp. has filed for a new exchange-traded fund named 'Crypto Blue Chip' focusing on digital assets like Bitcoin, Ether, Solana, Cronos, and XRP.
  • This filing marks Trump Media's third attempt at launching a crypto-based ETF, with previous filings including a Bitcoin-Ether product and one tied solely to Bitcoin.
  • The fund, if launched, would compete in a crowded field of cryptocurrency offerings in the US market, with Trump Media facing competition from existing Bitcoin-specific funds and other digital asset products.
  • Criticism has arisen over President Trump's deepening involvement in the crypto industry, with concerns raised regarding potential financial conflicts of interest despite assertions of separation from his business ventures.

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