American regulators are examining a new Spot-Crypto fund, indicating growing acceptance of crypto products. The proposed ETF by Trump Media includes 75% Bitcoin and 25% Ether. The fund would use Bitcoin and Ether reference rates for daily valuation, with assets stored securely in a cold wallet. Competing offers from Wall Street giants like Blackrock and Fidelity are also in play. Approval of these ETFs could streamline market access for investors.
ETF applications seek to offer diversified investment opportunities in the crypto market, with various firms vying for approval. If regulators streamline the process, multiple ETF options could be available soon, enhancing investor choices. Trump Media's Truth Social filing marks a significant step in the evolution of regulated crypto products.
https://altcoin.observer/truth-social-goes-full-crypto-dry-considers/
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