Truth Social Submits New ETF Applications for Bitcoin, Ether, and Cronos Amid SEC Delays

Written by Emily J. Thompson, Senior Investment Analyst

Source: stocktwits

Updated: 4 days ago

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Source: stocktwits

Truth Social's ETF Proposals: Truth Social has filed for new Bitcoin, Ethereum, and Cronos-linked ETF proposals, expanding its digital asset offerings and aiming to tap into the cryptocurrency market.
Expansion of Digital Assets: The new ETFs, including the "Truth Social Cronos Yield Maximizer ETF" and the "Truth Social Bitcoin and Ether ETF," are part of Truth Social's strategy to broaden its financial products related to cryptocurrencies.
Regulatory Status: Neither of the proposed ETFs has launched yet, as they await regulatory approval, which is crucial for their market entry.
Market Context: The move comes amid ongoing discussions in the U.S. Senate regarding clearer regulations for digital assets, highlighting the evolving landscape of cryptocurrency investment opportunities.

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About DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal relationship, enhancing the ability of its users to reach a broad audience. Its products and services include Truth Social and Truth+. TMTG operates a TV streaming platform, Truth+, across the entire Truth Social platform-iOS, Android, and the Web. The streaming service relies on TMTG's custom-built content delivery network (CDN), which operates through a data center. TMTG's streaming technology is powered through specially designed infrastructure with its own servers, routers, and software stack. The Company is also focused on launching Truth.Fi, a financial service and FinTech brand.

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.

DJT Stock Approaches All-Time Lows: The Reasons Behind Trump Media's Decline.

9 hours agoBarron's

Stock Performance: Trump Media & Technology Group's stock experienced a rise early Wednesday after previously closing at a record low.
Market Reaction: The increase in stock value indicates a potential recovery or investor interest following a period of decline.

WLFI Gears Up for Trump-Supported Mar-a-Lago Cryptocurrency Forum

11 hours agostocktwits

World Liberty Forum Surge: The World Liberty Financial (WLFI) token surged over 22% in 24 hours ahead of the World Liberty Forum hosted by Donald Trump Jr. and Eric Trump, indicating heightened trading activity and interest in digital assets linked to the Trump family.
Token Acquisition and Value: The Trump family’s crypto venture acquired approximately 313 million WLFI tokens valued at around $31.9 million within 15 hours, reflecting significant investment in the digital asset space.
Market Sentiment Shift: Retail sentiment around WLFI shifted from 'neutral' to 'extremely bullish', with chatter levels improving from 'normal' to 'extremely high' over the past day, suggesting increased investor confidence.
Focus of the Forum: The World Liberty Forum is expected to discuss digital asset regulation, the role of the U.S. dollar in the digital economy, and will feature prominent speakers from major financial institutions, highlighting the growing intersection of finance and digital assets.

Trump Media Shares Plummet Amid Investor Frustration

20 hours agostocktwits

Sharp Price Decline: Trump Media (DJT) shares fell 9.7% on Tuesday, slipping below $10 for the first time at $9.91, marking a new low since November 21, indicating a severe erosion of investor confidence in holding the stock.
Investor Sentiment Deterioration: While retail sentiment remained ‘neutral’, the 24-hour message volume surged over 1,000%, reflecting growing concerns about Trump Media's future performance, particularly amid negative news surrounding Trump.
Increased Trading Volatility: The stock's price movements are primarily influenced by headlines related to Trump rather than company-specific updates, leading to a gradual decline in investor confidence regarding its fundamental performance, with shares down 25% year-to-date.
Merger Deal Impact: Although the merger with nuclear technology firm TAE Technologies in a $6 billion deal initially boosted shares by 50%, the stock quickly lost momentum, returning to pre-deal levels and indicating a lack of long-term confidence in the transaction.