Trump Media and Technology Group Corp (TMTG) has officially filed for its second crypto exchange-traded fund (ETF), focusing on Bitcoin (BTC) and Ethereum (ETH), as detailed in a recent filing to the Securities and Exchange Commission (SEC). Trump Media Files For Second Crypto ETF If the SEC approves this new investment product, it will trade on NYSE Arca, the electronic division of the New York Stock Exchange known for handling exchange-traded fund transactions. This latest filing comes just eight days after TMTG submitted a prospectus with the Connecticut Attorney General through its Special Purpose Acquisition Company (SPAC) partner, Yorkville America. Majority-owned by President Donald Trump, Trump Media is intensifying its efforts to promote financial products linked to blockchain technologies. The company aims to provide the public with regulated investment vehicles that offer exposure to the cryptocurrency market. Related Reading: Is Ethereum Staging A Repeat Of 2021? Here’s Why A 200% Surge Could Follow Recently, Trump Media announced its ambition to raise $2.4 billion, with the goal of becoming one of the largest corporate holders of Bitcoin. This move appears to be part of a broader strategy to diversify its business and attract a wider array of investors. By launching multiple crypto-focused ETFs, Trump Media hopes to generate significant interest in its stock, potentially positioning itself as an appealing option for cryptocurrency enthusiasts. However, with several crypto ETFs already available in the market, there are questions about how much investor interest these funds will garner. The success of the ETFs will likely hinge on their fee structures and how competitive they are compared to existing options. Bitcoin To Hit $180,000-$250,000 As of now, Bitcoin is trading at $106,000, recovering 3% from a recent drop to $98,000. This volatility is largely attributed to the ongoing conflict between Israel and Iran, which has intensified over the past 12 days, impacting financial markets significantly. Market analyst known as Mr. Wall Street recently shared his insights on social media platform X (formerly Twitter), reiterating his bullish targets for Bitcoin, which he believes will reach between $180,000 and $250,000 this year despite any external conflict. Interestingly, Mr. Wall Street noted a significant shift in capital flows, with over $20 billion moving from gold to Bitcoin in the last two weeks alone. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month This trend suggests that institutional investors and hedge funds are increasingly viewing Bitcoin as a more reliable store of value compared to gold, given Bitcoin’s fixed supply. Additionally, Mr. Wall Street pointed out that the over-the-counter (OTC) desks are becoming less liquid, indicating that significant upward movement in Bitcoin’s price could be imminent. A key indicator, the hash ribbon, recently flashed, signaling that Bitcoin often experiences a 10% correction before rallying by 50-125%. Mr. Wall Street believes that the recent dip to $98,000 constituted this correction, and he anticipates a substantial return on investment from current levels. Moving forward, the analyst expects “continued noise” from the geopolitical landscape, but he believes that further escalation is unlikely. The recent market dip created a sense of peak fear, which historically precedes significant price breakouts, Mr. Wall Street said. Featured image from DALL-E, chart from TradingView.com
Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking one of the largest allocations of Bitcoin treasury assets by a public company. However, the announcement was met with a mixed market response, as shares of Trump Media closed 10% lower on the same day. Trump Media Secures $2.5 Billion For Bitcoin Treasury The substantial funding includes $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds designated for the purchase of bitcoin, which will now be a core asset in the company’s treasury. Trump Media confirmed that it has secured subscription agreements with approximately 50 institutional investors to facilitate this ambitious endeavor. Related Reading: On The Verge: Strategy’s Recent Purchase Positions Total Bitcoin Holdings Near 600,000 To manage these digital assets, the company will store its Bitcoin with Anchorage Digital and Crypto.com—platforms that recently collaborated with Trump Media to launch its first exchange-traded funds (ETFs). This announcement comes as BTC retraces from its recent record highs, coinciding with the Bitcoin 2025 conference on the Las Vegas Strip, which has highlighted President Donald Trump’s emerging identity as the nation’s first “crypto president.” Despite the excitement surrounding the IPO, Trump Media’s stock remains volatile, experiencing nearly a 30% decline this year. The company currently holds a market capitalization of about $5.3 billion, contrasted with reported revenues of just $3.6 million and a loss of $400 million in 2024. BTC As An ‘Apex Instrument’ Devin Nunes, CEO of Trump Media and former congressman, referred to BTC as an “apex instrument of financial freedom.” He framed this move as a necessary defense against what he described as “systemic discrimination” from financial institutions toward conservative businesses. In addition to this treasury initiative, Trump Media has partnered with Crypto.com to launch a series of ETFs and digital asset products, pending regulatory approval. These funds will include baskets of cryptocurrencies like Bitcoin and Crypto.com’s native token, Cronos (CRO). The offerings will be branded under the Trump Media name and made available to global investors through major brokerage platforms and the Crypto.com app, which boasts over 140 million users. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally The $2.5 billion BTC treasury initiative also follows a broader trend among politically aligned businesses converting their corporate treasuries to Bitcoin-heavy portfolios. Additionally, figures like Jack Mallers are emerging to rival established players, backed by significant investment from Tether and SoftBank. David Bailey, another major player in Trump-linked BTC initiatives, recently led a $710 million merger with KindlyMD, shifting the company’s focus from holistic opioid recovery to a crypto-first strategy. Bailey, a trusted advisor to the Trump administration, described this approach as “Strategy, squared,” emphasizing a commitment to increasing the BTC holdings per share. Featured image from DALL-E, chart from TradingView.com