In a recent announcement, Trump Media & Technology Group Corp. revealed its intent to launch a crypto-based ETF named "Truth Social Bitcoin and Ethereum ETF, B.T." The fund will comprise 75% Bitcoin and 25% Ethereum, allowing investors a streamlined way to gain exposure to these popular cryptocurrencies. However, the stock of Trump Media (DJT) continues to struggle, remaining down over 45% year-to-date. The ETF represents a diversification of the company’s offerings, which include Truth Social, Truth+, and Truth.Fi, but appears to have done little to invigorate investor confidence.
Despite the announcement of the Truth Social Bitcoin and Ethereum ETF, DJT stock has fallen over 45% this year, showing minimal investor excitement for the launch.
The ETF will primarily hold Bitcoin (75%) and Ethereum (25%), allowing investors to buy a single share for exposure to both cryptocurrencies.
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