Trump's Bitcoin ETF Takes Shape: A New Frontier in Crypto
ByFinaGuru
Wednesday, Jun 4, 2025 9:22 am ET1min read
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President Donald Trump's Truth Social platform is expanding into cryptocurrency with a Bitcoin ETF filing and a $2.5 billion Bitcoin treasury plan. The ETF, sponsored by Yorkville America Digital, would track Bitcoin's price and provide investors with exposure to the cryptocurrency. Trump has also appointed a crypto advocate as SEC chair and proposed a strategic Bitcoin reserve, pushing the price of Bitcoin above $105,000. Critics raise concerns about the president's involvement in the crypto space and potential conflicts of interest.
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