Trump Media Launches Two New Crypto ETFs Linked to Bitcoin and Ether

Trump Media has recently submitted filings for two cryptocurrency exchange-traded funds (ETFs) associated with Bitcoin, Ether, and Cronos. This move comes amid a challenging period for US spot Bitcoin ETFs, which have seen substantial net outflows.

In the past four weeks, US spot Bitcoin ETFs have experienced a steady decline in investment, with around $360 million being withdrawn just in the latest week. This trend indicates a growing concern among investors and a potential shift in market sentiment.