Trump Media & Tech Group Shakes Up Crypto: Files for Spot Bitcoin and Ethereum ETFs

Wall Street''s getting a red-hatted crypto makeover. Trump Media and Technology Group just dropped regulatory paperwork to launch spot Bitcoin and Ethereum ETFs—because what better way to monetize populism than blockchain derivatives?

The move comes as legacy finance scrambles to stay relevant in the digital asset gold rush. While BlackRock and Fidelity spent years begging the SEC for approval, TMTG''s filing reads like a hostile takeover of crypto''s institutionalization narrative.

Market analysts note the delicious irony: a company built on truth-social capital now wants custody of decentralized assets. The proposed funds would track actual crypto holdings—not futures contracts—giving investors direct exposure without the hassle of non-KYC exchanges.

One Goldman Sachs alum quipped: ''First they meme-stocked us, now they''re ETF-ing us. At this rate, TrumpCoin might actually hit $420.'' The filing doesn''t specify expense ratios, but rest assured—they''ll be yuge.