4 June 2025
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Trump Family Moves Forward with Crypto Wallet and Bitcoin ETF Filing
Recent developments involving Donald Trump's associates indicate a push towards significant crypto initiatives.
Trump Token Wallet Confusion
- A proposed cryptocurrency wallet featuring Trump's image has been announced.
- The wallet, powered by Magic Eden, claims users can earn up to $1 million in TRUMP token rewards.
- Donald Trump Jr. clarified that his family is not involved with this specific product.
- The official TRUMP token account will collaborate with World Liberty Financial (WLFI) for their own wallet launch.
- Confusion arose over the ownership and branding of the wallet amid mixed messages from the Trump family.
Bitcoin ETF Filing
- NYSE Arca filed to list a Truth Social Bitcoin spot ETF with the US SEC.
- This could be the 13th Bitcoin spot ETF in the US, joining established firms like BlackRock and Fidelity.
- The move follows a partnership between Trump Media and Crypto.com to offer Bitcoin-related products.
- Trump Media aims to launch a Bitcoin Treasury valued at $2.5 billion.
These events reflect the Trump family's increasing involvement in the crypto sector, though discrepancies in messaging pose challenges to credibility.