Latest news with #ether
Yahoo
4 days ago
- Business
- Yahoo
Trump Media is pushing deeper into crypto after filing to launch a bitcoin-ether ETF
Trump's media company has filed to launch a new bitcoin and ether ETF. The fund will invest 75% of its assets in bitcoin and 25% in ether, per a regulatory filing. The ETF follows a series of crypto moves by Trump and his companies so far this year. Trump Media & Technology Group wants to launch an exchange-traded fund to invest in the two biggest cryptocurrencies. Donald Trump's media company filed documents with the Securities and Exchange Commission seeking approval of a new bitcoin and ether ETF on Monday, with the fund aiming to invest 75% of its assets in bitcoin and 25% in ethereum. will serve as the liquidity provider and prime execution agent of the ETF, the filing said. Trump Media has already partnered with in a deal that offers retail investors access to crypto investments on Truth Social, Trump's social media platform. The new ETF is the latest push by Trump and his family into the world of crypto. In May, Trump Media announced it would raise $2.5 billion to create a "Bitcoin treasury," which the firm said was to "expand its reach throughout the America First economy." "We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets," Devin Nunes, the CEO of Trump Media, said in a statement at the time. Meanwhile, World Liberty Financial, a digital assets firm backed by Trump and his sons, issued a new dollar-backed stablecoin earlier this year dubbed USD1. The flurry of crypto maneuvers has solidified a reputation Trump was aiming to cultivate while he campaigned for president. He secured the support of crypto investors on the campaign trail with promises of more favorable regulation and the creation of a national bitcoin stockpile. He's even dabbled in meme coins. In the days leading up to his inauguration, the president released a $TRUMP meme coin and promoted the crypto on his Truth Social account. In May, the president appeared at a private dinner in Washington, DC, for the top 220 investors in his meme coin. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Trump Media is pushing deeper into crypto after filing to launch a bitcoin-ether ETF
Trump's media company has filed to launch a new bitcoin and ether ETF. The fund will invest 75% of its assets in bitcoin and 25% in ether, per a regulatory filing. The ETF follows a series of crypto moves by Trump and his companies so far this year. Trump Media & Technology Group wants to launch an exchange-traded fund to invest in the two biggest cryptocurrencies. Donald Trump's media company filed documents with the Securities and Exchange Commission seeking approval of a new bitcoin and ether ETF on Monday, with the fund aiming to invest 75% of its assets in bitcoin and 25% in ethereum. will serve as the liquidity provider and prime execution agent of the ETF, the filing said. Trump Media has already partnered with in a deal that offers retail investors access to crypto investments on Truth Social, Trump's social media platform. The new ETF is the latest push by Trump and his family into the world of crypto. In May, Trump Media announced it would raise $2.5 billion to create a "Bitcoin treasury," which the firm said was to "expand its reach throughout the America First economy." "We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets," Devin Nunes, the CEO of Trump Media, said in a statement at the time. Meanwhile, World Liberty Financial, a digital assets firm backed by Trump and his sons, issued a new dollar-backed stablecoin earlier this year dubbed USD1. The flurry of crypto maneuvers has solidified a reputation Trump was aiming to cultivate while he campaigned for president. He secured the support of crypto investors on the campaign trail with promises of more favorable regulation and the creation of a national bitcoin stockpile. He's even dabbled in meme coins. In the days leading up to his inauguration, the president released a $TRUMP meme coin and promoted the crypto on his Truth Social account. In May, the president appeared at a private dinner in Washington, DC, for the top 220 investors in his meme coin. Read the original article on Business Insider 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
4 days ago
- Business
- Yahoo
Trump Media is pushing deeper into crypto after filing to launch a bitcoin-ether ETF
Trump's media company has filed to launch a new bitcoin and ether ETF. The fund will invest 75% of its assets in bitcoin and 25% in ether, per a regulatory filing. The ETF follows a series of crypto moves by Trump and his companies so far this year. Trump Media & Technology Group wants to launch an exchange-traded fund to invest in the two biggest cryptocurrencies. Donald Trump's media company filed documents with the Securities and Exchange Commission seeking approval of a new bitcoin and ether ETF on Monday, with the fund aiming to invest 75% of its assets in bitcoin and 25% in ethereum. will serve as the liquidity provider and prime execution agent of the ETF, the filing said. Trump Media has already partnered with in a deal that offers retail investors access to crypto investments on Truth Social, Trump's social media platform. The new ETF is the latest push by Trump and his family into the world of crypto. In May, Trump Media announced it would raise $2.5 billion to create a "Bitcoin treasury," which the firm said was to "expand its reach throughout the America First economy." "We view Bitcoin as an apex instrument of financial freedom, and now Trump Media will hold cryptocurrency as a crucial part of our assets," Devin Nunes, the CEO of Trump Media, said in a statement at the time. Meanwhile, World Liberty Financial, a digital assets firm backed by Trump and his sons, issued a new dollar-backed stablecoin earlier this year dubbed USD1. The flurry of crypto maneuvers has solidified a reputation Trump was aiming to cultivate while he campaigned for president. He secured the support of crypto investors on the campaign trail with promises of more favorable regulation and the creation of a national bitcoin stockpile. He's even dabbled in meme coins. In the days leading up to his inauguration, the president released a $TRUMP meme coin and promoted the crypto on his Truth Social account. In May, the president appeared at a private dinner in Washington, DC, for the top 220 investors in his meme coin. Read the original article on Business Insider 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
South China Morning Post
13-06-2025
- Business
- South China Morning Post
Bitcoin, other cryptocurrencies sink as Israel escalates Iran stand-off with air strikes
Advertisement The largest digital asset slid as much as 3 per cent on Friday morning in Singapore to dip below US$103,000 before paring losses, according to data compiled by Bloomberg. Second-ranked token ether had at one point shed about 7.6 per cent of its value. The sell-off came after explosions were heard in Tehran, according to local media. Israeli Defence Minister Israel Katz said he was declaring a special state of emergency due to Israel's 'pre-emptive strike against Iran'. Israel is anticipating a retaliatory drone and missile attack, Katz said. Advertisement 'Cryptocurrency is reacting negatively to news of Israel strikes in Iran, in line with major risk assets,' said Caroline Mauron, co-founder of Orbit Markets, a provider of liquidity for crypto derivatives. 'We expect to see technical support around US$101,000, but geopolitical news will drive price action from here in the short-term.'
