Latest news with #Bitcoin-only
Int'l Business Times
4 days ago
- Business
- Int'l Business Times
Trump Media Joins Crypto ETF Race with Bitcoin and Ethereum Fund Proposal
Virtual currencies Bitcoin, Ethereum, and Dogecoin placed on a pile of fake gold bars in Clermont-Ferrand France on March 25 2025. Trump Media & Technology Group (TMTG), the parent company of Truth Social, has filed a new proposal to launch a cryptocurrency exchange-traded fund (ETF) that includes both Bitcoin and Ethereum. According to a recent filing with the US Securities and Exchange Commission (SEC), the new ETF would be made up of 75% Bitcoin and 25% Ethereum. If approved, the fund would be listed on NYSE Arca and managed by Yorkville America Digital. Custody and trading would be handled by Foris DAX, known for operating This is the company's second ETF filing in less than two weeks. Its first was a Bitcoin-only fund. Trump Media's growing interest in crypto comes as the market becomes more competitive, with major firms like BlackRock and Fidelity already offering similar ETFs. ETF expert Bryan Armour said, "It will be a challenge for any new entrant in this market. The only way to stand out will be through fees or brand." The current filing does not mention a fee structure, though most Bitcoin ETFs charge about 0.12% yearly. Trump Media hasn't released any fee details yet, USA Today said. One unique detail is that the new ETF plans to hold three Bitcoin for every Ethereum token, based on the proposed structure. This mix gives investors access to both major cryptocurrencies in one product. — Marc In The Matrix⚡️🧠 (@MarcShawnBrown) June 16, 2025 Trump Media Eyes Retail Investors in Crypto ETF Push Sui Chung, CEO of CF Benchmarks, said the fund's standout feature might be how it's marketed. "Given Truth Social's involvement, it may very well be that these are marketed directly to individual investors." This ETF effort is part of Trump Media's broader push into digital finance. According to TechPortal , earlier in 2025, the company launched its platform, designed to offer products such as crypto trading, payments, and asset management. The firm also filed a trademark for TruthFi to expand into financial services. The push into crypto isn't just about ETFs. In January 2025, President Trump signed Executive Order 14178, which removed earlier crypto regulations and banned a US central bank digital currency (CBDC). Later, in March, the administration created a National Crypto Reserve that holds seized digital assets like Bitcoin, Ethereum, and XRP. In May 2025, Trump Media raised about $2.44 billion—$1.44 billion from stock sales and another $1 billion through convertible debt. The SEC also recently approved a plan for the company to invest up to $2.3 billion in Bitcoin through private investors. Originally published on © {{Year}} All rights reserved. Do not reproduce without permission.
Yahoo
5 days ago
- Business
- Yahoo
Trump Media ETF to Hold Both Bitcoin and Ether, Company Says
An exchange-traded fund planned by Trump Media & Technology Group (DJT) will combine Bitcoin and Ether in a single tradable asset, the company said Monday. The Truth Social parent company, founded by President Donald Trump, earlier today said it intended to launch an ETF that would directly hold both Ether and Bitcoin, with a quarter of its assets in the former and the rest in the latter. The launch is planned for "later this year," the company said. The company earlier this month said it planned to offer a Bitcoin-only ETF, and in late May said it was raising money to acquire Bitcoin. Trump Media earlier this year announced plans to offer crypto products. in March said it would partner with the company to offer the ETFs. Shares of Trump Media & Technology Group lost about 4% Monday to close just under $19, bringing their pullback to more than 40% in 2025. Bitcoin was recently trading a bit below $109,000, while Ether was changing hands above $2,600. Read the original article on Investopedia
Yahoo
06-06-2025
- Business
- Yahoo
Ledn dumps Ethereum — goes back to its Bitcoin-only roots
Ledn dumps Ethereum — goes back to its Bitcoin-only roots originally appeared on TheStreet. In an interview with TheStreet Roundtable, Ledn co-founder & Chief Strategy Officer Mauricio Di Bartolomeo explained why the firm is abandoning Ethereum-based lending and concentrating exclusively on Bitcoin. He noted that '98% of Ledn's loan book was made up of Bitcoin-backed loans. Ethereum only made 2% of our loans.' Di Bartolomeo said client feedback drove the decision: 'Our clients, we listen to our clients and our clients love focus. Our clients are also very Bitcoin centric.' Bitcoin lending allows individuals to use their Bitcoin holdings as collateral to borrow cash or stablecoins, without having to sell their Bitcoin. Platforms like Ledn offer this service by holding the borrower's Bitcoin in secure custody while issuing a loan based on a percentage of its current market value. Di Bartolomeo described Ethereum as a network trying to 'fight too many fights. they want to be the internet computer, they want to have programmability, they want to be proof of stake, they want to be energy efficient, it's trying to fight too many fights as far as the things that it wants to be known for.' He warned that competing rails such as Solana and Cardano already 'start eating some of Ethereum's lunch,' making the native token's investment case 'unclear.' In his view, 'You don't have to own a part of the highway. You will just pay the toll the moment you want to get on and when you get off and that's it.' Di Bartolomeo argued that Ethereum's programmability complicates its narrative as a store of value. 'Bitcoin is supposed to be simple and easy to understand. And by adding that complexity, you start messing with that narrative about simplicity.' Without clear token value accrual — unlike Bitcoin's defined role as 'sound money' — Ethereum's native asset faces uncertainty even as its rail remains strong. By contrast, Di Bartolomeo highlighted that major investors like Paul Tudor Jones and corporations such as MicroStrategy view Bitcoin as a reserve asset. El Salvador and Bhutan have adopted Bitcoin treasury strategies. He believes Bitcoin-backed loans represent a 'multi-billion dollar' opportunity that will '10 X over the coming years.' Ledn can underwrite Bitcoin loans globally — with uniform rates and funds delivered 'within 24 hours' — offering legal agreements, customer support and tax statements that DeFi platforms cannot. Di Bartolomeo said, 'Investors seeking long-term stability should favor Bitcoin lending through regulated, centralized channels. Ledn dumps Ethereum — goes back to its Bitcoin-only roots first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Crypto Lender Ledn Goes Full Bitcoin Maxi as It Seeks to Reduce Client Asset Risk
Cryptocurrency lender Ledn is removing support for ether ETH and will begin offering a bitcoin-only loan model starting July 1 as it looks to simplify its product and sharpen its focus around bitcoin BTC. The Cayman Islands-registered company may be attempting to broaden its appeal among the corners of the crypto community that say BTC is the only cryptocurrency that is needed. Such BTC advocates are often referred to as "Bitcoin Maxis." 'With our new hyper-focus on Bitcoin-only lending, we're going back to our roots and principles that inspired Bitcoin to begin with,' co-founder Adam Reeds said in an emailed announcement on Friday. Ledn will also stop lending client assets to generate yield as it seeks to remove risk from its business model. Bitcoin offered to Ledn as collateral for loans will remain fully in its custody or that of its partners, Ledn said. "Traditional finance relies on constantly reusing client assets to create leverage and, ultimately, inflation," Reeds said. "Bitcoiners instinctively reject that model." Cryptocurrency lending was a major casualty of crypto winter in 2022, with the companies including BlockFi, Voyager, Celsius and Genesis going to the wall. Ledn managed to survive and is now attempting to resurrect the BTC-backed lending sector, with its simplified product offering and helped by the friendlier regulatory approach to crypto in the U.S, co-founder Mauricio Di Bartolomeo told CoinDesk in a recent interview.
Business Wire
23-05-2025
- Business
- Business Wire
DDC Enterprise Announces First 21 Bitcoin Purchase, Reinforces Commitment to Bitcoin Accumulation Strategy
NEW YORK--(BUSINESS WIRE)--DDC Enterprise (NYSE: DDC) today announced the completion of its initial 21 Bitcoin (BTC) acquisition as part of its corporate strategy to integrate Bitcoin into its treasury reserves. As the first female founder of a U.S. publicly traded company to spearhead a Bitcoin-only treasury strategy, I am energized by the immense potential this initiative holds for our shareholders. Share First Tranche of 21 BTC Acquired via Share Exchange The Company has completed the first transaction with an investor group, issuing 254,333 of DDC class A ordinary shares in exchange for 21 BTC, valued at approximately USD 2,283,667 in current market price. Remaining 79 BTC Purchases to Accelerate DDC expects to finalize two additional purchases in the coming days to acquire the remaining 79 BTC under this initial phase. Upon completion, DDC will hold 100 BTC as part of its expanding BTC treasury. Shareholder Letter Highlights Record Growth and BTC Accumulation Strategy This announcement follows last week's shareholder letter by Norma Chu, chairwoman, founder, and CEO of DDC, which detailed the Company's record financial and operational growth in 2024. The letter also outlined an ambitious Bitcoin accumulation plan, targeting up to 500 BTC within six months and 5,000 BTC over three years, positioning DDC to be an innovator among NYSE-listed companies in adopting such a transformative bitcoin treasury strategy. 'Today marks a pivotal moment in DDC's evolution. As the first female founder of a U.S. publicly traded company to spearhead a Bitcoin-only treasury strategy, I am energized by the immense potential this initiative holds for our shareholders. Our initial acquisition of 21 BTC, alongside the accelerated execution of our broader plan, reflects our confidence in Bitcoin as a store of value and our unwavering dedication to innovation. We are fully committed to ensuring the success of this strategy, which aligns with our vision to drive long-term value for our shareholders,' said Norma Chu. Forward-Looking Statements Certain statements in this press release are forward-looking statements, including, for example, statements about our BTC purchases and strategy, issuance of shares to purchase BTC, NYSE and SEC compliance, estimated revenue, margins, growth and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. These forward-looking statements are also based on assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'likely to' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.
