Trump files registration to launch crypto trade fund
The Trump Media and Technology Group Corp. submitted a registration request on Tuesday to the U.S. Securities and Exchange Commission to publicly launch the Truth Social Crypto Blue Chip ETF, or exchange-traded fund. The registration request came a few weeks after President Donald Trump’s media company filed a separate registration request to launch the Truth Social Bitcoin and Ethereum ETF. Trump’s media company currently runs the social media platform Truth Social and the streaming platform Truth+, but is now aiming to enter the crypto market.
How will the Blue Chip ETF work? ETFs combine the qualities of mutual funds and common stock trading, according to the Charles Schwab Corporation. Similar to mutual funds, ETFs…
