Exciting news in the world of digital assets! Trump Media & Technology Group has taken a bold step by filing a registration statement with the U.S. Securities and Exchange Commission to introduce the Truth Social Bitcoin and Ethereum ETF, B.T. Let's dive into this groundbreaking development and explore what it means for investors and the cryptocurrency market.
The Birth of Truth Social ETF
Exploring the Fundamentals
The Truth Social ETF is set to directly hold Bitcoin and Ether, with an initial split of 75% Bitcoin and 25% Ether. This innovative approach allows investors to participate in the performance of these prominent cryptocurrencies. Once approved, the fund's shares are expected to be tradable on NYSE Arca, opening up new avenues for investment.
The Power Players
Unveiling the Key Partnerships
One of the significant partnerships in this venture is with Crypto.com, who will serve as the exclusive custodian, prime execution agent, and liquidity provider for the ETF. Additionally, Yorkville America Digital, LLC, takes the lead as the fund's sponsor, ensuring a robust foundation for the ETF's operations.
The Regulatory Landscape
Navigating Compliance and Innovation
Trump Media's strategic move into the digital asset domain signifies a broader expansion beyond its traditional media offerings. By venturing into financial services with Truth.Fi, the company is gearing up to compete in the dynamic digital asset sector, showcasing a blend of innovation and regulatory compliance.
The Road Ahead
Embracing Opportunities in Digital Assets
If approved, the Truth Social ETF will provide investors with a straightforward, regulated avenue to invest in both Bitcoin and Ether through a single fund. This strategic maneuver by Trump Media underscores its ambition to establish a significant presence in the financial services landscape, setting the stage for exciting developments ahead.
Be part of this transformative journey by staying informed about the evolving landscape of digital assets. The future of cryptocurrency investments is taking a new turn, and the Truth Social ETF is at the forefront of this revolution.
This insightful piece on Trump Media Ventures into the Bitcoin and Ethereum ETF Arena was originally published on Bitcoin Magazine.
Frequently Asked Questions
What are the pros and cons of a gold IRA?
An Individual Retirement Account is a more beneficial option than regular savings accounts. You don't pay taxes on any interest earned. An IRA is a great way to save money and not have to pay taxes on the interest you earn. However, there are disadvantages to this type investment.
To give an example, if your IRA is withdrawn too often, you can lose all your accumulated funds. You may also be prohibited by the IRS from making withdrawals from an IRA after you turn 59 1/2. If you do withdraw funds, you'll need to pay a penalty.
The downside is that managing your IRA requires fees. Many banks charge between 0.5% and 2.0% per year. Other providers charge monthly management fees ranging from $10 to $50.
If you prefer to keep your money outside a bank, you'll need to purchase insurance. Most insurers require you to own a minimum amount of gold before making a claim. Insurance that covers losses upto $500,000.
If you choose to have a gold IRA you will need to establish how much gold to use. Some providers restrict the amount you can own in gold. Some providers allow you to choose your weight.
Also, you will need to decide if you want to buy physical gold futures contracts or physical gold. Futures contracts for gold are less expensive than physical gold. Futures contracts allow you to buy gold with more flexibility. They allow you to set up a contract with a specific expiration date.
Also, you will need to decide on the type of insurance coverage you would like. The standard policy doesn't include theft protection or loss due to fire, flood, or earthquake. The policy does not cover natural disasters. You might consider purchasing additional coverage if your area is at high risk.
You should also consider the cost of storage for your gold. Insurance doesn't cover storage costs. Banks charge between $25 and $40 per month for safekeeping.
If you decide to open a gold IRA, you must first contact a qualified custodian. A custodian keeps track of your investments and ensures that you comply with federal regulations. Custodians aren't allowed to sell your assets. Instead, they must maintain them for as long a time as you request.
Once you've chosen the best type of IRA for you, you need to fill in paperwork describing your goals. You should also include information about your desired investments, such as stocks or bonds, mutual funds, real estate, and mutual funds. You should also specify how much you want to invest each month.
You will need to fill out the forms and send them to your chosen provider together with a check for small deposits. The company will review your application and send you a confirmation letter.
If you are thinking of opening a gold IRA for retirement, a financial professional is a great idea. Financial planners are experts in investing and will help you decide which type of IRA works best for your situation. They can help you find cheaper insurance options to lower your costs.
How much gold can you keep in your portfolio
The amount of capital required will affect the amount you make. A small investment of $5k-10k would be a great option if you are looking to start small. As you grow, you can move into an office and rent out desks. Renting out desks and other equipment is a great way to save money on rent. You only pay one month.
Consider what type of business your company will be running. In my case, I am running a website creation company, so we charge clients around $1000-2000/month depending on what they order. You should also consider the expected income from each client when you do this type of thing.
Because freelance work pays freelancers, you won't likely get a monthly income if you do freelance work. Therefore, you might only get paid one time every six months.
Decide what kind of income do you want before you calculate how much gold is needed.
I would recommend that you start with $1k-2k worth of gold and then increase your wealth.
Which precious metal is best to invest in?
This depends on what risk you are willing take and what kind of return you desire. Gold has been traditionally considered a haven investment, but it's not always the most profitable choice. For example, if you need a quick profit, gold may not be for you. If you have time and patience, you should consider investing in silver instead.
If you don’t desire to become rich quickly, gold may be your best option. Silver might be a better investment option if steady returns are desired over a long period of time.
How can I withdraw from a Precious metal IRA?
First, determine if you would like to withdraw money directly from an IRA. Make sure you have enough cash in your account to cover any fees, penalties, or charges that may be associated with withdrawing money from an IRA.
A taxable brokerage account is a better option than an IRA if you are prepared to pay a penalty for early withdrawals. If you choose this option, you'll also need to consider taxes owed on the amount withdrawn.
Next, determine how much money you plan to withdraw from your IRA. This calculation will depend on many factors including your age at the time of withdrawal, how long the account has been in your possession, and whether you plan to continue contributing towards your retirement plan.
Once you determine the percentage of your total saved money you want to convert into cash, then you need to choose which type IRA you will use. While traditional IRAs are tax-free, Roth IRAs can be withdrawn at any time after you reach 59 1/2. However, Roth IRAs will charge income taxes upfront and allow you to access your earnings later without additional taxes.
Once the calculations have been completed, it's time to open a brokerage accounts. Most brokers offer free signup bonuses and other promotions to entice people to open accounts. Avoid unnecessary fees by opening an account with your debit card, rather than your credit card.
You will need a safe place to store your coins when you are ready to withdraw from your precious metal IRA. Some storage facilities will accept bullion bars, others require you to buy individual coins. You'll have to weigh the pros of each option before you make a decision.
Because you don't have to store individual coins, bullion bars take up less space than other items. However, each coin will need to be counted individually. However, individual coins can be stored to make it easy to track their value.
Some people prefer to keep their coins in a vault. Others prefer to place them in safe deposit boxes. No matter what method you use, it is important to keep your bullion safe so that you can reap its benefits for many more years.
What are the advantages of a IRA with a gold component?
Many benefits come with a gold IRA. You can diversify your portfolio with this investment vehicle. You decide how much money you want to put into each account, and when you want it to be withdrawn.
You can also rollover funds from other retirement accounts to a gold IRA. This allows you to easily transition if your retirement is early.
The best part is that you don't need special skills to invest in gold IRAs. They are readily available at most banks and brokerages. Withdrawals are made automatically without having to worry about fees or penalties.
But there are downsides. The volatility of gold has been a hallmark of its history. So it's essential to understand why you're investing in gold. Are you seeking safety or growth? Is it for security or long-term planning? Only by knowing the answer, you will be able to make an informed choice.
If you plan to keep your gold IRA indefinitely, you'll probably want to consider buying more than one ounce of gold. One ounce won't be enough to meet all your needs. Depending on your plans for using your gold, you may need multiple ounces.
You don't need to have a lot of gold if you are selling it. You can even live with just one ounce. But, those funds will not allow you to buy anything.
Statistics
- Gold is considered a collectible, and profits from a sale are taxed at a maximum rate of 28 percent. (aarp.org)
- Instead, the economy improved, stocks rebounded, and gold plunged, losing 28 percent of its value in 2013. (aarp.org)
- (Basically, if your GDP grows by 2%, you need miners to dig 2% more gold out of the ground every year to keep prices steady.) (smartasset.com)
- The price of gold jumped 131 percent from late 2007 to September 2011, when it hit a high of $1,921 an ounce, according to the World Gold Council. (aarp.org)
- If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (lendedu.com)
External Links
law.cornell.edu
- 7 U.S. Code SS7 – Designation Boards of Trade as Contract Markets
- 26 U.S. Code SS 408 – Individual retirement funds
investopedia.com
- Are You a Good Candidate for a Gold IRA
- What are the Options? Types, Spreads and Example. Risk Metrics
finance.yahoo.com
cftc.gov
How To
The best way online to buy gold or silver
You must first understand the workings of gold before you can purchase it. It is a precious metal that is very similar to platinum. Because of its resistance to corrosion and durability, it is very rare. It's hard to use, so most people prefer buying jewelry made out of it to actual bars of gold.
There are two types currently available: legal tender and bullion. Legal tender coins are designed for circulation in a country. They often have denominations like $1 or $5 or $10.
Bullion coin are not intended for investment. However, their value will increase with inflation.
They aren't circulated in any currency exchange systems. If a person purchases $100 worth of gold, 100 grams of the gold will be given to him/her. The $100 value is $100. The buyer receives 1 gram of gold for every dollar spent.
You should also know where to buy your gold. There are several options available if your goal is to purchase gold from a dealer. You can start by visiting your local coin shop. Another option is to go through a reputable site like eBay. You can also look into buying gold online from private sellers.
Private sellers are individuals that offer gold at wholesale or retail prices. Private sellers typically charge 10% to 15% commission on each transaction. This means that you will get less back from a private seller than if you sell it through a coin shop or on eBay. This option is often a great one for investors in gold, as it gives you greater control over the item's value.
You can also invest in gold physical. It is easier to store physical gold than paper certificates. But, you still have to take care of it. You need to make sure that your physical gold is safe by storing it in an impenetrable container like a vault or safety depositbox.
You can either visit a bank, pawnshop or bank to buy gold. A bank can provide you with a loan to cover the amount you wish to invest in gold. These are small businesses that let customers borrow money against the items they bring to them. Banks usually charge higher interest rates that pawn shops.
The final option is to ask someone to buy your gold! Selling gold can also be done easily. A company such as GoldMoney.com can help you set up a simple bank account and get paid immediately.
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By: Jenna Montgomery
Title: Trump Media Ventures into the Bitcoin and Ethereum ETF Arena
Sourced From: bitcoinmagazine.com/news/trump-media-files-to-launch-bitcoin-and-ethereum-etf
Published Date: Mon, 16 Jun 2025 17:47:52 +0000
