Latest news with #cryptoETF
Yahoo
3 days ago
- Business
- Yahoo
Trump Media Unveils $400M Buyback, Eyes Crypto ETF Expansion
Trump Media & Technology Group Corp (NASDAQ:DJT) is one of the stocks that Donald Trump owns. On June 23, 2025, Trump Media & Tech (NASDAQ:DJT) announced a share buyback plan of up to $400 million, around 9.9% of shares outstanding. The move sent shares up ~2.6% in early trading, though year-to-date, DJT remains down roughly 45%. In June 2025, Trump Media also announced plans to launch a Bitcoin and Ethereum ETF, which aims to capitalize on the crypto boom and extend the Truth Social brand into financial products. Christopher Halloran / The fund would hold 75% Bitcoin and 25% Ethereum, with tapped as the crypto custodian and trade execution partner. Trump Media & Technology Group (NASDAQ:DJT) is the publicly traded parent company of Truth Social, launched via a SPAC merger with Digital World Acquisition Corp in March 2024. While we acknowledge the potential of DJT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
5 days ago
- Business
- CTV News
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 per cent of its holdings in bitcoin, the world's most popular cryptocurrency, 15 per cent in ethereum, the second-most popular, and 8 per cent in solana, a cryptocurrency popular in the meme coin community. The fund would hold 5 per cent in the cryptocurrency developed by the company Ripple and 2 per cent 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 ethereum. 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. --- Alan Suderman, The Associated Press
Al Arabiya
5 days ago
- Business
- Al Arabiya
Trump Media Files for 'Crypto Blue Chip ETF' With SEC
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 percent of its holdings in bitcoin, the world's most popular cryptocurrency, 15 percent in ethereum, the second-most popular, and 8 percent in solana, a cryptocurrency popular in the meme coin community. The fund would hold 5 percent in the cryptocurrency developed by the company Ripple and 2 percent 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 ethereum. 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 US 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 US the world capital for crypto. 'If we didn't have it, China would,' Trump said.
Yahoo
04-07-2025
- Business
- Yahoo
Crypto ETF BLOX, Which Offers Digital Asset Exposure and Options Income, Gains Steam
A recently launched crypto ETF in the U.S., which offers diversified exposure to digital assets along with options income, is gaining traction in a sign that investors are looking beyond traditional, single-spot-focused products. The Nicholas Crypto Income ETF (BLOX), an actively managed ETF designed for diversified exposure to the digital assets ecosystem while generating additional income via options strategies, went live on the NYSE on June 17. The ETF is the latest addition to the XFUNDS by Nicholas Wealth suite. Since then, the ETF has registered a net inflow of around $4.52 million, according to data source VettaFi. BLOX's website puts the total net assets at $4.9 million. "The options income space is almost becoming its own asset class," David Nicholas, CEO of XFUNDs, told CoinDesk in an interview, adding that the fund is drawing interest from yield-hungry retail investors. The fund, launched in partnership with Tidal Investments LLC, comprises of an equity sleeve that invests in publicly listed shares of crypto-related firms and companies holding digital assets on their balance sheets. The second sleeve of the fund offers exposure to select bitcoin and ether exchange-traded funds, with the flexibility to expand exposure to other digital assets through potential regulated vehicles. As of Thursday, the fund's top 10 holdings included names such as BlackRock's spot Ethereum ETF, Coinbase, Nvidia, MARA, Core Scientific, and others. The unique mix of holdings ensures that the performance isn't entirely dependent on bitcoin's (BTC) price. "We own about 11 businesses, and we have high conviction that they will benefit from Bitcoin or Ether appreciation, but they aren't crypto assets themselves. So, you gain exposure to both cryptocurrency and publicly traded companies with earnings and growth. We think that combination inside the fund is pretty unique," Nicholas said. Finally, there is an options sleeve that generates income. The fund writes call/put spreads on the crypto sleeve while selectively writing covered calls or put spreads on its equity holdings. Writing an option is akin to selling insurance against bullish or bearish price moves in return for an upfront premium, which represents the income of the writer (seller). Writing put spreads against holdings allows the fund to collect premiums as the assets appreciate, providing additional income alongside the gains from the underlying holdings. BLOX trades options tied to the spot ETFs, including those linked to BlackRock's spot bitcoin ETF, IBIT. For instance, shares in Coinbase, one of the ETF's top 10 holdings, rose over 14% in the last week of June. The fund's three-sleeved structure means it likely captured the full rally alongside income through put spreads. The same can be said with respect to Core Scientific, which recently rose 15%. "That's what's great about put spreads—there's no cap. A put spread is a long, bullish options position," Nicholas said. The income from options and dividends on stock holdings is distributed to subscribers every week. Note that crypto holders have been writing put spreads and higher-strike calls on the offshore derivatives giant Deribit for some time. These yield-generation strategies are quite popular in the equity markets. When asked about the growing interest in ETFs tied to major altcoins such as Solana's SOL (SOL), XRP (XRP) and others, Nicholas said they will accommodate the new ones as and when they become available. "Once the SEC approves others—like Solana, which has a pending ETF—we can file an amendment and add them to our fund. So we wouldn't need a new ETF. Since we see this as a broad crypto exposure fund, we'd just edit the existing structure to include new assets," Nicholas told in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-07-2025
- Business
- Yahoo
SEC Delays Grayscale Crypto ETF Launch Despite Approval
The Securities and Exchange Commission has placed a stay on Grayscale Investment Trust's Digital Large Cap Fund (GLDC) conversion to an exchange-traded fund, despite approving the fund on Monday, preventing the multi-asset crypto product from launching until further notice. The stay order creates uncertainty around the timing of the first diversified crypto ETF launch in the U.S. market, with analysts suggesting the delay may stem from the SEC's desire to establish broader digital asset listing standards before allowing new crypto products to trade. The SEC granted accelerated approval for GDLC to convert to an ETF trading on NYSE Arca, according to the filing. However, a separate letter from Deputy Secretary J. Matthew DeLesDernier notified the exchange that the Commission will review the delegated action, automatically triggering a stay under Rule 431 of the Commission's Rules of Practice. The fund tracks the CoinDesk 5 Index and holds Bitcoin at an 80.4% weighting, Ethereum at 11.2%, XRP at 4.8%, Solana at 2.9% and Cardano at 0.8%, according to Grayscale data as of July 1. Assets under management totaled $754.7 million, with more than 15.8 million shares outstanding. James Seyffart, Bloomberg Intelligence ETF analyst, posted on X that the SEC may want to avoid launches under the 19b-4 process until officials approve a framework for digital assets in ETF form. The analyst also suggested the delay could relate to specific aspects of the fund's structure. Bloomberg Senior ETF Analyst Eric Balchunas offered a different theory in a separate X post, suggesting the delay likely stems from the SEC's plans to issue crypto ETP listing standards before spot ETFs with alternative coins hit the market. The approval would have marked the second multi-asset crypto ETF for U.S. investors after Hashdex launched the Nasdaq Crypto Index US ETF (NCIQ) in February. The stay prevents trading until the SEC orders otherwise, according to the letter. The Office of the Secretary will notify the exchange of any action taken by the | © Copyright 2025 All rights reserved Sign in to access your portfolio
