Truth Social, Trump's Social Media Platform, Files for Bitcoin ETF
According to ChainCatcher, The Block reports that Trump's social media platform Truth Social has submitted a Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC).
The New York Stock Exchange Arca division submitted a Form 19b-4 on June 3, and the ETF aims to track the performance of Bitcoin prices. The ETF is sponsored by "America First" asset management company Yorkville America Digital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Breaking: Saudi oil tanker intercepted in southern Strait of Hormuz
After Walsh's hawkish remarks, Trump said: "Raising interest rates is absurd. Walsh will do what he must do."
On Monday, Trump said he had great respect for Walsh, stating, "He will do what he needs to do," and added, "In my view, we should be paying interest rates far lower than anywhere else in the world. Raising rates is absurd." Following Walsh's hawkish remarks at the Jackson Hole symposium last Friday, market pricing for a rate hike in September rose to about 60%. Barclays now expects the Federal Reserve to raise rates twice more this year, in September and December, whereas previously, Barclays had predicted no further rate hikes this year.
