Donald Trump's media company has filed for a Bitcoin and Ethereum exchange-traded fund (ETF), prompting fresh concerns over potential conflicts of interest as the U.S. President remains active in both politics and cryptocurrency ventures.
Trump Media, the parent company of social platform Truth Social, announced on Monday it had submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for a Bitcoin and Ethereum ETF.
According to the filing, the proposed Truth Social Bitcoin and Ethereum ETF would allocate 75% of its assets to Bitcoin and 25% to Ether, aiming to mirror the price performance of the two leading cryptocurrencies.
The firm named Crypto.com as the exclusive custodian, prime execution agent, and liquidity provider, also covering staking services. Trading of ETF shares is set to begin on the NYSE Arca stock exchange, pending SEC approval and rule change authorization.
Trump Media operates a broader ecosystem of digital products, including the Truth Social network, the streaming service Truth+, and the financial technology brand Truth.Fi.
In a significant shift in its foreign policy, China has unveiled a new policy paper promising no-strings-attached development support to Latin America...
The U.S. is expected to keep the cargo of a Venezuelan-linked tanker recently seized, as the vessel heads to an American port for a formal forfeiture ...
As the world marks the tenth anniversary of the Paris Agreement, the progress in combating climate change is mixed....
A new proposal in the U.S. Congress aims to remove decades-old restrictions on American assistance to Azerbaijan, reopening a sensitive debate that ha...
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, bloc...
The U.S. is expected to keep the cargo of a Venezuelan-linked tanker recently seized, as the vessel heads to an American port for a formal forfeiture process, officials said.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Ukraine has handed the United States a revised 20-point peace proposal aimed at ending the war with Russia, a Ukrainian official said on Thursday, 11 December.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
In a dramatic Champions League clash at Baku’s Tofiq Bahramov Stadium, Qarabağ grabbed an early lead, but Ajax staged a thrilling comeback to win 4-2.
German Chancellor Friedrich Merz congratulated Azerbaijan and Armenia on their recent peace deal which he said opened an "historic opportunity" for the region.
At least 19 people were killed and 16 injured as two buildings collapased in Morocco's Fes city according to the state news agency.
The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) cut its benchmark interest rate by 25 basis points to a range of 3.50% to 3.75% following its two-day policy meeting, according to an official statement issued on Wednesday, 10 December.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment