Trump-Backed SPAC Don File for Bitcoin–Ethereum ETF Wit 75% BTC, 25% ETH Allocation
Digital World Acquisition Corp, di SPAC wey dey behind Truth Social, don file 19b-4 proposal for one political-branded Bitcoin–Ethereum ETF. Di fund go hold 75% BTC and 25% ETH, dem go charge 0.50% annual fee, plus den go calculate NAV every day. Crypto.com na im be custodian, liquidity provider, plus execution agent. Di executives talk say recent SEC custody clarity na wetin dey make people want to buy mainstream crypto ETF. If dem approve am, di ETF fit launch for big U.S. exchanges early next year, e go boost Bitcoin–Ethereum ETF liquidity and e go put pressure for competitors dem. Traders suppose dey watch SEC feedback and possible wahala during approval process.
Bullish
Di Bitcoin–Ethereum ETF filing dey boost regulated crypto access, e fit attract institutional and retail capital. For short term, approval news fit make ETF-related inflows increase, dat go make BTC and ETH trading volumes rise. For long term, if launch succeed, e go set precedent for more crypto ETFs, wey go improve market maturity and liquidity for both cryptocurrencies.