Tuesday, July 8, 2025

Crapto ETF: Next Rung on Trump's $200 Billion Ladder

Trump Media & Technology Group (ticker:  DJT) filed its intent to offer a Crypto Blue Chip ETF later this year in conjunction with Yorkville Advisors and Crypto.com.

A number of the roles are blank in the SEC filing, however the conflict of interest section states:
...these parties may trade the Portfolio Assets for their own accounts at the same time as the Trust, prospective Shareholders should be aware that such persons may take positions in any of the Portfolio Assets which are opposite, or ahead of, the positions taken for the Trust.

The fee arrangements between the parties are yet to be disclosed   

The Donald J. Trump Revocable Trust held over 114 million shares of DJT as of late 2024.  The trust continues to hold those shares.

Is there really such a thing as blue chip crypto?  Doubtful, given crypto's history as the currency of scallywags.  The misrepresentations, the hawking, the incessant pumping...there really has never been anything like it in the history of the world.