Latest news with #CryptoBlueChipETF
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin reaches new record high ahead of US House's ‘Crypto Week'
Bitcoin has reached a new all-time high, trading at more than $118,000 (€100,000) on Friday. It followed an enthusiastic trading day on the US stock markets on Thursday, where the main index for tech companies, the Nasdaq, hit a record value. Interest in Bitcoin was fuelled by a bullish, optimistic trading outlook across risk assets and an appetite for investment in tech companies, such as Nvidia, which recently surged to a $4 trillion valuation. Bitcoin's all-time high also comes days before what the US House of Representatives, one of Congress' two chambers, has labelled as 'Crypto Week', starting on 14 July. This is when lawmakers are expected to debate a series of bills that could define the regulatory framework for the industry in the United States. Bitcoin gained more than 20% this year against the US dollar. Related Bitcoin hits new price high as crypto industry scores US legislation win Trump Media eyes Bitcoin reserve with €2.3 billion investor backing Bloomberg's data shows that investors poured around $1.2 billion (€1bn) into Bitcoin ETFs (exchange-traded funds) on Thursday, pushing the price to a new high beyond $116,000 before the rally continued on Friday. Much of the investments pouring into crypto came through ETFs. Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in US markets last year. The strong interest in crypto boosted the price of the second-biggest crypto asset, too. Ethereum gained more than 6%, and traded at around $3,000 (€2,600) on Friday. Meanwhile, the US President continues to expand his crypto-related offerings. Trump was once a bitcoin sceptic but has since warmly embraced the cryptocurrency industry. On Tuesday, his family business Trump Media filed paperwork at the Securities and Exchange Commission for approval to launch the "Crypto Blue Chip ETF" later this year. This is a new exchange-traded fund tied to the prices of five popular cryptocurrencies. The proposed ETF would have 70% of its holdings in bitcoin, 15% in Ethereum, and 8% in Solana, a cryptocurrency popular in the meme coin community. The Trump administration has pushed for crypto-friendly regulations and laws, in line with the president's ambitions to make the US the world capital for crypto. "If we didn't have it, China would," Trump said. Sign in to access your portfolio
Euronews
5 days ago
- Business
- Euronews
Bitcoin reaches new record high ahead of US House's ‘Crypto Week'
Bitcoin has reached a new all-time high, trading at more than $118,000 (€100,000) on Friday. It followed an enthusiastic trading day on the US stock markets on Thursday, where the main index for tech companies, the Nasdaq, hit a record value. Interest in Bitcoin was fuelled by a bullish, optimistic trading outlook across risk assets and an appetite for investment in tech companies, such as Nvidia, which recently surged to a $4 trillion valuation. Bitcoin's all-time high also comes days before what the US House of Representatives, one of Congress' two chambers, has labelled as 'Crypto Week', starting on 14 July. This is when lawmakers are expected to debate a series of bills that could define the regulatory framework for the industry in the United States. Bitcoin gained more than 20% this year against the US dollar. Bloomberg's data shows that investors poured around $1.2 billion (€1bn) into Bitcoin ETFs (exchange-traded funds) on Thursday, pushing the price to a new high beyond $116,000 before the rally continued on Friday. Much of the investments pouring into crypto came through ETFs. Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in US markets last year. The strong interest in crypto boosted the price of the second-biggest crypto asset, too. Ethereum gained more than 6%, and traded at around $3,000 (€2,600) on Friday. Meanwhile, the US President continues to expand his crypto-related offerings. Trump was once a bitcoin sceptic but has since warmly embraced the cryptocurrency industry. On Tuesday, his family business Trump Media filed paperwork at the Securities and Exchange Commission for approval to launch the "Crypto Blue Chip ETF" later this year. This is a new exchange-traded fund tied to the prices of five popular cryptocurrencies. The proposed ETF would have 70% of its holdings in bitcoin, 15% in Ethereum, and 8% in Solana, a cryptocurrency popular in the meme coin community. The Trump administration has pushed for crypto-friendly regulations and laws, in line with the president's ambitions to make the US the world capital for crypto. "If we didn't have it, China would," Trump said.
Yahoo
7 days ago
- Business
- Yahoo
Trump Media wants to launch a crypto ETF backed by bitcoin and other top tokens
Trump Media & Technology Group wants to launch a crypto ETF. The company filed with the SEC this week to launch "Crypto Blue Chip ETF." This new fund would hold bitcoin, ethereum, solana, and other crypto tokens. Trump Media & Technology Group wants to dive deeper into crypto. The Truth Social parent company submitted an S-1 filing with the US Securities and Exchange Commission on July 8, seeking approval to launch the Truth Social Crypto ETF. The filing shows that it is sponsored by Yorkville America Digital, an asset management company based in Florida. This firm partnered with Trump Media in April 2025 to launch a series of crypto ETFs in conjunction with The possible ETF is the latest move by Trump and his companies to deepen ties to crypto. The president has launched meme coins and stablecoins and has pushed for greater adoption of crypto and government support for the space. The passing of the GENIUS Act in June was a milestone for the industry, and top administration officials have been signaling greater support for crypto. Last month, William Pulte, director of the Federal Housing Finance Agency, said he had directed mortgage finance giants Fannie Mae and Freddie Mac to start counting crypot as collateral when assessing mortgage risk. Trump Media's ETF will hold most bitcoin, as well as smaller amounts of other top tokens. "The Trust's allocation of its assets to the Portfolio Assets (the "allocation ratio") is initially expected to approximate percentages by value of 70% bitcoin, 15% ether, 8% SOL, 5% CRO and 2% XRP," the filing states. Bitcoin has jumped 18% this year, continuing a rally to fresh records about $111,000 in recent weeks. Shares of Trump Media were down on Wednesday, and have struggled this year as areas of the "Trump trade" that soared in the wake of the 2024 election stumble in 2025. Read the original article on Business Insider
The Hindu
09-07-2025
- Business
- The Hindu
Trump Media files for 'Crypto Blue Chip ETF' with SEC
U.S. President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the 'Crypto Blue Chip ETF' later this year. The proposed ETF would have 70% of its holdings in Bitcoin, the world's most popular cryptocurrency, 15% in Ether, the second-most popular, and 8% in Solana, a cryptocurrency popular in the meme coin community. The fund would hold 5% in the cryptocurrency developed by the company Ripple and 2% in the crypto created by the exchange which will act as the ETF's digital custodian. Trump Media previously announced plans for a crypto ETF with just Bitcoin and Ether. It's unclear if the company plans to move forward with that ETF offering. Trump Media did not immediately return a request for comment. Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in U.S. markets last year. The SEC released new guidelines last week for crypto ETF issuers as part of the Trump administration's push to create a more welcoming regulatory environment for crypto-related companies. The agency has also dropped or paused several enforcement actions against crypto companies since Trump took office. Trump was once a Bitcoin skeptic who has since warmly embraced the cryptocurrency industry, which has showered him with campaign and other types of contributions. Ripple, for example, was one of the biggest donors to Trump's inaugural committee. While the Trump administration has pushed for crypto-friendly regulations and laws, the Trump family has aggressively sought to expand its crypto-related businesses. That dynamic has led to allegations of corruption from Democrats and concern among some crypto enthusiasts that the president may be undermining their efforts to establish credibility and stability for the industry. At a news conference last month, Trump dismissed any notion that his family's investments were improper and touted his administration's efforts to make the U.S. the world capital for crypto. 'If we didn't have it, China would,' Trump said.
Time of India
08-07-2025
- Business
- Time of India
Trump media files for 'crypto blue chip ETF' with SEC
Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the "Crypto Blue Chip ETF" later this year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies. Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the " Crypto Blue Chip ETF " later this proposed ETF would have 70% of its holdings in bitcoin, the world's most popular cryptocurrency , 15% in ethereum , the second-most popular, and 8% in solana, a cryptocurrency popular in the meme coin fund would hold 5% in the cryptocurrency developed by the company Ripple and 2% in the crypto created by the exchange which will act as the ETF's digital Media previously announced plans for a crypto ETF with just bitcoin and ethereum. It's unclear if the company plans to move forward with that ETF offering. Trump Media did not immediately return a request for ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in US markets last SEC released new guidelines last week for crypto ETF issuers as part of the Trump administration's push to create a more welcoming regulatory environment for crypto-related companies. The agency has also dropped or paused several enforcement actions against crypto companies since Trump took was once a bitcoin sceptic who has since warmly embraced the cryptocurrency industry, which has showered him with campaign and other types of contributions. Ripple, for example, was one of the biggest donors to Trump's inaugural the Trump administration has pushed for crypto-friendly regulations and laws, the Trump family has aggressively sought to expand its crypto-related businesses. That dynamic has led to allegations of corruption from Democrats and concern among some crypto enthusiasts that the president may be undermining their efforts to establish credibility and stability for the a news conference last month, Trump dismissed any notion that his family's investments were improper and touted his administration's efforts to make the US the world capital for crypto."If we didn't have it, China would," Trump said.
