Truth Social, a social media platform linked to former U.S. President Donald Trump, has submitted applications to the U.S. Securities and Exchange Commission (SEC) for the approval of two cryptocurrency exchange-traded funds (ETFs). The move marks a significant step into the crypto finance sector by the platform.
The applications aim to introduce ETFs that would provide investors with exposure to digital assets. However, specific details about the cryptocurrencies involved or the structure of these ETFs have not been disclosed. The approval process by the SEC is known to be rigorous, and it remains uncertain when a decision will be made.
The initiative reflects a growing interest in integrating traditional finance with digital currencies, potentially offering a new avenue for investors interested in the crypto market.
Key facts
- Truth Social is seeking SEC approval for two crypto ETFs.
- The platform is linked to former President Donald Trump.
- Details about the ETFs' structure and assets are not yet disclosed.
- The SEC's decision timeline is currently unknown.
Sources
About Leonard Kravets
cryptocurrency journalist and market analyst focused on the intersection of blockchain, culture, and real-world adoption. Known for his clear, data-driven writing style, he covers emerging altcoins, DeFi trends, and the risks behind hype-driven projects. With a strong emphasis on education, transparency, and spotting potential scams before they spread.
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