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SARASOTA, Fla. - Trump Media and Technology Group Corp. (NASDAQ, NYSE Texas:DJT), currently trading at $15,811.10 and showing significant trading activity with a 3-month average volume of 152.24M shares, announced Tuesday it has filed a registration statement with the SEC for the Truth Social Crypto Blue Chip ETF. For detailed analysis and real-time updates, visit InvestingPro.
The proposed ETF would hold cryptocurrencies directly, with 70% of assets in Bitcoin, 15% in Ether, 8% in Solana, 5% in Cronos and 2% in Ripple, according to the company’s press release.
Crypto.com would serve as the digital asset custodian and prime execution agent for the fund, which would be listed on NYSE Arca upon regulatory approval. Yorkville America Digital is acting as the ETF’s sponsor.
The launch remains contingent on the SEC declaring the registration statement effective and approving a Form 19b-4 filing.
Trump Media, which operates the Truth Social platform, the streaming service Truth+, and is developing financial services under the Truth.Fi brand, noted in its statement that the ETF aims to reflect the price performance of the included cryptocurrencies.
The company cautioned that forward-looking statements about the ETF and other initiatives are subject to risks and uncertainties, and actual results may differ from expectations.
The registration filing does not constitute an offer to sell securities, as the shares cannot be sold until the registration statement becomes effective, the company stated.
In other recent news, Trump Media and Technology Group Corp. has announced several significant developments. The company has authorized a stock buyback program of up to $400 million, indicating a strategic move to repurchase its common stock, which CEO Devin Nunes described as a "vote of confidence." Additionally, Trump Media has secured approximately $2.44 billion through a private placement offering to establish a Bitcoin treasury, positioning itself as one of the top Bitcoin holders among U.S. publicly traded companies. The funds will also support general corporate activities and working capital.
Further expanding its digital asset strategy, Trump Media has filed with the SEC to launch the Truth Social Bitcoin and Ethereum ETF, which will allocate 75% of its assets to Bitcoin and 25% to Ethereum. Crypto.com will serve as the exclusive custodian and prime execution agent for this ETF. The ETF launch is contingent upon regulatory approval, and shares will be listed on NYSE Arca once approved. These recent activities reflect Trump Media’s ongoing efforts to diversify its financial strategies and explore new opportunities in the cryptocurrency market.
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