This represents the first convergence of a major social media platform (Truth Social) with direct cryptocurrency fund management. The unprecedented combination of social influence and financial control under a former president's media company creates a new paradigm for centralized information and wealth management. The 75-25 Bitcoin-Ethereum split structure is also unique among ETF applications.
Trump Media's Crypto ETF: Digital Babylon's New Power Player
📰 What Happened
The SEC has formally accepted Trump Media's application for a unique Bitcoin and Ethereum ETF, structured with a 75-25 split between the cryptocurrencies. The fund will trade on NYSE Arca with Foris DAX Trust Company as custodian and Yorkville America Digital as sponsor. The ETF will use CME CF reference rates for valuation and would compete with BlackRock's $72.5 billion Bitcoin ETF. This marks the first social media company to directly enter the cryptocurrency ETF space.
📖 Prophetic Significance
The merger of social media control and cryptocurrency management under Trump Media introduces an unprecedented concentration of digital influence. This aligns with prophetic warnings about consolidated control over both information and commerce. The involvement of Foris DAX Trust and CME CF reference rates creates a sophisticated valuation system that could enable precise tracking of digital wealth. The $72.5 billion benchmark set by BlackRock demonstrates the massive scale of these control mechanisms. This development particularly connects to Revelation's warnings about control over buying and selling through technological means.