The Truth Social Bitcoin ETF storms onto Wall Street as NYSE Arca files with the SEC, fusing Trump branding with crypto exposure in a regulated investment vehicle. Bitcoin ETF Branded With Trump’s Truth Social Seeks SEC Approval NYSE Arca Inc. filed a rule change with the U.S. Securities and Exchange Commission (SEC) on June 3 […] Original
Key Notes Trader buys 3,000 IBIT $77 call options, betting on a 28% rally by June end. IBIT surpasses $70B AUM, now among top 25 largest ETFs. Bitcoin ETF inflows resume with $375M, led by Ark Invest and Fidelity. BlackRock’s iShares Bitcoin Trust (IBIT) has been on investors’ radar following stellar inflows and AUM crossing $70 billion. With IBIT share price up 13% over the last month, traders are now betting on a moonshot, expecting 28% upside from the current level all the way to $77. Will Blackrock’s IBIT Share…
After a series of pro-crypto moves, Russia is enabling qualified investors to gain exposure to Bitcoin. Regulated Bitcoin (BTC) trading is coming to Russia, but for qualified investors only. On Wednesday, June 4, the Russian news agency TASS reported that the Moscow Exchange will list a Bitcoin ETF futures contract. The product will be linked to the value of the IBIT Bitcoin Trust ETF, a U.S.-based Bitcoin spot ETF. “Trading in this new product will begin on June 4, 2025, and will be exclusively available to qualified investors,” Moscow Exchange.…
Key Notes Trump Media has filed for a Bitcoin ETF, expanding its cryptocurrency ventures. The proposed Truth Social Bitcoin ETF aims to attract politically aligned investors. Critics raise ethical concerns over President Trump’s direct involvement in crypto projects. On June 3, NYSE Arca submitted a Form 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to list the Truth Social Bitcoin ETF. The fund is associated with President Donald Trump’s media company, Trump Media & Technology Group (TMTG). This proposed ETF aims to track the spot price of Bitcoin,…
Moscow Exchange (MOEX), Russia’s largest stock exchange, launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), as the fund climbed into the world’s top 25 ETFs by assets under management (AUM). MOEX introduced a futures contract tied to IBIT on June 4, according to an announcement by the exchange. The new investment product is accessible exclusively to accredited investors, with MOEX planning to introduce qualification testing from June 23. The launch comes as IBIT entered the list of top 25 ETFs by assets worldwide, with an AUM of $72.4…
Key Notes US SEC’s approval of an XRP ETF is most likely to happen in Q4, as per experts. With heightened optimism around ETF approval and legal clarity, XRP’s price has risen by 2.64% to $2.25. Ripple lawyer Bill Morgan reaffirmed the court’s ruling that XRP is not a security, countering Bitcoin community claims. The chances of the US Securities and Exchange Commission (SEC) approving an XRP exchange-traded fund (ETF) hit a massive 98% on June 3, as per decentralized prediction platform Polymarket. As of today’s date, the approval chances…
Key takeaways: Ether’s price is up 46% in 30 days. ETH/BTC is up 30% in the past month, signaling stronger demand for Ether. Spot Ethereum ETFs see 12 consecutive days of inflows. Ether’s price is up by 7% over the last three days, leading to optimism among traders that the biggest altcoin is ready for a breakout. Interestingly, the ETH/BTC trading pair has also increased, boosting Ether’s recovery prospects in the coming days. Traders expect ETH price recovery to continue Data from Cointelegraph Markets Pro and TradingView showed Ether’s (ETH)…
A bold bet on BlackRock’s spot bitcoin ETF (IBIT) crossed the tape Tuesday, suggesting expectations for a “moonshot” or rapid price surge in the world’s largest publicly listed fund by month-end. On Tuesday, a trader picked up 3,000 contracts of the IBIT $77 strike call option expiring on June 27, according to data source Barchart.com. The trader paid a total premium of $39,000 for the bullish exposure. A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or…
Key Notes Bitcoin ETFs lost $1.21 billion between May 29 and June 2. June 3 reversed the trend, with $378 million in inflows led by ARKB. Data suggests that profit-taking has recently intensified, with realized gains topping $500 million per hour. Bitcoin exchange-traded funds (ETFs) experienced a sharp reversal in investor sentiment between May 29 and June 2, recording a combined net outflow of $1.21 billion. This marks the first time since mid-March that these funds have lost over $1 billion in a few trading sessions. According to data by…
Truth Social’s parent company has filed for a spot Bitcoin exchange-traded fund, entering a competitive field of crypto investment products. According to a June 3 filing with the Securities and Exchange Commission, stock exchange NYSE Arca submitted a Form 19b-4 on behalf of Yorkville America Digital, the asset manager behind the proposed Truth Social Bitcoin (BTC) ETF. Yorkville is a partner of Trump Media & Technology Group, the operator of Truth Social and fintech platform Truth.Fi. The ETF aims to track the price of Bitcoin and list on NYSE Arca.…