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BTC Faces Selling Pressure as Trump Media Amends ETF Filing – $112K Next?
Bitcoin (BTC) is once again charging to retest its most recent all-time high at $123,000 after Trump Media, the family’s tech company, amended its application to list a BTC spot exchange-traded fund (ETF) in the United States. The Truth Social Bitcoin ETF would capitalize on the latest move from President Trump to allow tax-advantaged accounts like 401(k)s to invest in cryptocurrencies directly, primarily via regulated vehicles such as this. The ETF will hold BTC directly by making purchases in the spot market. The fund has appointed Crypto.com as its exclusive custodian. Trump Media has acquired a total of 18,430 ... (full story)