Trump Media Launches ETF on Three Cryptocurrencies

Trump Media, the company owned by US President Donald Trump and the owner of the social network Truth Social, has filed documents with the US Securities and Exchange Commission (SEC) to register two cryptocurrency exchange-traded funds (ETFs). The first fund, called the Truth Social Bitcoin (BTC) and Ether (ETH) ETF, aims to track the combined performance of the two largest cryptocurrencies by market capitalization. The fund promises rewards for staking Ether. The second fund, the…