Donald Trump's Media Company Launching Bitcoin Exchange-Traded Fund (ETF) as Son Eric Issues Bullish Bitcoin Price Prediction

Bitcoin and crypto prices have swung wildly since Donald Trump's inauguration, with a post election bitcoin price rally stalling as a bombshell leak reveals

U.S. president Donald Trump has promised to make the country the crypto capital of the world, a move that has helped propel the bitcoin price to new all-time highs.

Now, as the bitcoin price stalls and fears over an “inevitable collapse” mount following a bombshell leak, Trump's media company Trump Media and Technology Group (TMTG) is launching a bitcoin exchange-traded fund (ETF) — as his son Eric makes a bullish bitcoin price prediction.

The bitcoin price has stalled at around $100,000 per bitcoin following a rapid ascent that first saw it breach the psychological level in December — prompting Coinbase chief executive Brian Armstrong to predict when he thinks bitcoin will top gold’s $18 trillion market capitalization in a bullish commentary piece.

Fresh speculation has emerged that a new U.S. sovereign wealth fund could be used to buy bitcoin, while Trump's media company TMTG is now launching a bitcoin ETF as part of its broader push into the world of crypto and finance.

Meanwhile, Eric Trump has issued a bullish bitcoin price prediction as his company's World Liberty Financial continues buying up crypto.

“Feels like a great time to enter bitcoin,” Eric Trump posted to X, tagging the World Liberty Financial decentralized finance (DeFi) project he spearheads along with his brother Don Jr and which was endorsed by Trump last year.

World Liberty Financial, a crypto platform that is set to let users earn yield through stablecoin and borrow bitcoin and crypto, has been buying up several cryptocurrencies — including the ethereum-based wrapped bitcoin — in recent weeks.

Trump's social media company Trump Media and Technology Group (TMTG), which runs the Truth Social platform and recently announced its expanding into crypto and finance, has taken steps toward launching a bitcoin exchange-traded fund (ETF) — setting it on a path to compete with the likes of Wall Street giants BlackRock and Fidelity.

TMTG has applied for trademarks for three ETFs under its new Truth.Fi brand, including a “Truth.Fi Bitcoin Plus ETF.”

“We aim to give investors a means to invest in American energy, manufacturing, and other firms that provide a competitive alternative to the woke funds and debanking problems that you find throughout the market,” TMTG chief executive Devin Nunes said in a statement. “We’re exploring a range of ways to differentiate our products, including strategies related to bitcoin.”

A fleet of spot bitcoin ETFs, led by BlackRock's bitcoin fund, took Wall Street by storm last year racking up assets under management of over $100 billion, with BlackRock's IBIT becoming one of the best performing new ETFs in history.