Trump’s Crypto Gambit 🤑

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It is a truth universally acknowledged, that a single man in possession of a large fortune, must be in want of a crypto investment. And so, it appears, is the case with Donald Trump’s Truth Social, which has filed for a most intriguing endeavour – a dual Bitcoin and Ether ETF.

The particulars of this venture are as follows:

  • A considerable 75% of the fund’s capital shall be allocated to the esteemed Bitcoin, whilst a respectable 25% shall be bestowed upon the humble Ether.
  • The noble Crypto.com shall serve as the ETF’s custodian and liquidity provider, a role of great import and responsibility.
  • This endeavour aligns most felicitously with the Trump family’s interests in the realm of cryptocurrency, as their World Liberty Financial concern is heavily invested in the Ethereum blockchain.

It must be noted, dear reader, that this is not the first foray into the world of crypto ETFs for Trump Media and Technology Group. Earlier this month, they did signal their intent to issue a spot bitcoin ETF, a move that did set tongues a-wagging amongst the financial cognoscenti.

The inclusion of Ether in this venture is a most intriguing aspect, and one that does align with the Trump family’s predilections in the realm of cryptocurrency. World Liberty Financial, the DeFi project backed by the family, does hold a considerable 96% of its assets on the Ethereum blockchain, a fact that does suggest a certain… let us say, fondness for the platform.

If approved, this fund shall join a veritable throng of crypto ETFs, including those managed by such luminaries as BlackRock, Grayscale, Fidelity, and Franklin Templeton. Bitcoin ETFs alone do boast a staggering $131 billion in assets under management, a sum that doth rival the riches of a small nation.

And so, dear reader, we must wait with bated breath to see if this most singular venture shall come to fruition. Shall it succeed, or shall it falter? Only time, that great arbiter of all things, shall tell. 🤔

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2025-06-16 17:27