Trump Crypto ETF Moves One Step Closer to Approval
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 25 2025
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Source: Yahoo Finance
Trump Media's ETF Proposal: Trump Media and Technology Group Corp. is moving forward with plans to launch a Bitcoin and Ethereum ETF, seeking approval from the SEC for a rule change that would allow it to list on the NYSE.
Market Context and Support: The proposed fund aims to capitalize on recent price increases in Bitcoin and Ether, with significant backing from institutional investors and support from key figures within the Trump administration who are aligned with the crypto industry.
Analyst Views on IBIT
Wall Street analysts forecast IBIT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IBIT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 50.670
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Current: 50.670
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
