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Donald Trump is extending his push into crypto with a brand new plan to launch a Reality Social Bitcoin ETF, his newest transfer in an more and more controversial growth into digital belongings.
The proposed exchange-traded fund, filed by NYSE Arca on behalf of Yorkville America Digital, a monetary accomplice of Trump Media & Expertise Group, goals to trace Bitcoin’s value efficiency.
If authorized, the Reality Social Bitcoin ETF would mark a serious growth of Trump’s rising crypto footprint, including to a controversial digital asset portfolio that features meme cash, NFTs, and a mining enterprise, a lot of which have drawn scrutiny over potential conflicts of curiosity.
Reality Social Bitcoin ETF To Have Similar Custodian As Crypto.com
The submitting didn’t disclose particulars concerning the proposed Reality Social Bitcoin ETF, with the administration price and ticker of the fund nonetheless unknown.
Nonetheless, NYSE Arca’s submitting did say the fund “seeks to replicate typically the efficiency of the worth of bitcoin.” It should additionally “replicate such efficiency earlier than cost of the Belief’s bills and liabilities.”
The fund will use DAX Belief Firm as its custodian, the identical firm that custody’s Crypto.com’s belongings.
Trump’s firm simply filed for a Reality Social Bitcoin ETF, which can monitor spot bitcoin and checklist on NYSE. pic.twitter.com/I3ejMbhyl1
— Eric Balchunas (@EricBalchunas) June 3, 2025
The submitting comes after Trump Media & Expertise Group signed an settlement with Yorkville America Digital and Crypto.com in April to launch a collection of “Made in America” ETFs.
Reality Social Bitcoin ETF Will Add To Controversy Round Trump’s Crypto Increasing Empire
The brand new Reality Social Bitcoin ETF appears set so as to add new questions on Trump’s rising affect within the crypto area.
Trump is at the moment the biggest shareholder of Trump Media & Expertise Group, however transferred his shares to a belief managed by his son Donald Trump Jr. previous to getting into the White Home in January to move off considerations round conflicts of curiosity.
Regardless of that, there’s concern across the Trump’s involvement in crypto with Trump himself having such nice affect over digital asset coverage within the US.
Trump’s different crypto endeavors embrace the Official Trump (TRUMP) and Official Melania Meme (MELANIA) tokens, World Liberty Monetary (WLFI), a number of non-fungible token (NFT) collections, a stablecoin and a crypto mining firm.
Lately, Trump Jr. mentioned that WLFI will quickly be launching its personal crypto pockets. Nonetheless, there was some confusion available in the market after Magic Eden and the workforce that launched TRUMP mentioned they’re partnering to launch the pockets.
Shortly thereafter, the President’s sons disavowed the pockets and mentioned they haven’t any information of the deliberate launch.
This undertaking just isn’t approved by @Trump. @MagicEden I’d be extraordinarily cautious utilizing our title in a undertaking that has not been authorized and is unknown to anybody in our group. https://t.co/OovJGvGOkO
— Eric Trump (@EricTrump) June 3, 2025
In addition they went on to warn Magic Eden about utilizing the Trump household title to speed up the pockets’s market adoption.
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