Crypto
crypto
Yaël Bizouati-Kennedy

Trump Media raising $2.5 billion to establish bitcoin treasury

Trump Media & Technology Group announced today they will “issue and sell approximately $1.5 billion in the Company’s common stock and $1.0 billion in principal amount of 0.00% convertible senior secured notes” to establish a bitcoin treasury.

Yesterday, The Financial Times reported the company was raising $3 billion to buy bitcoin and other crypto assets. Trump Media shares were up as much as 13% in premarket Monday morning but dropped 9% after the market opened. Bitcoin’s price was hovering around $110,000 this morning, just days after reaching a new all-time high of $111,814 on May 22.

The move comes ahead of the Bitcoin 2025 conference in Las Vegas. Vice President JD Vance, as well as President Trump’s sons Eric and Donald Jr., are speaking at the event.

The company earlier denied the FT report, telling the outlet in a statement, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

This would be the latest in a growing move into crypto for the Trump family. Last week, Trump hosted his $TRUMP meme coin dinner, which sparked considerable controversy.

Trump Media, the parent company of Truth Social, announced the launch of the financial services and fintech brand Truth.Fi in January, and in February, it applied for trademarks for a slew of “America First-themed” ETFs, including one for bitcoin, the Truth.Fi Bitcoin Plus ETF.

Trump Media Announces Approximately $2.5 Billion Bitcoin Treasury Deal

Trump Media Announces Approximately $2.5 Billion Bitcoin Treasury Deal

The move comes ahead of the Bitcoin 2025 conference in Las Vegas. Vice President JD Vance, as well as President Trump’s sons Eric and Donald Jr., are speaking at the event.

The company earlier denied the FT report, telling the outlet in a statement, “Apparently the Financial Times has dumb writers listening to even dumber sources.”

This would be the latest in a growing move into crypto for the Trump family. Last week, Trump hosted his $TRUMP meme coin dinner, which sparked considerable controversy.

Trump Media, the parent company of Truth Social, announced the launch of the financial services and fintech brand Truth.Fi in January, and in February, it applied for trademarks for a slew of “America First-themed” ETFs, including one for bitcoin, the Truth.Fi Bitcoin Plus ETF.

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Sage D. Young
4h
Ethereum slides under $4,150 and spot ETFs break eight-day positive inflow streak

The token touched $4,750 earlier this week.

Man Holding Open Book Repeated
Red Sunburst

Solana ETFs listings delayed as JPMorgan predicts the funds to net $1.5 billion in first year

JPMorgan analysts noted that “solana is not perceived by investors the same way as ethereum as the main DeFi/smart contract cryptocurrency.”

Yaël Bizouati-Kennedy7h
crypto
David Crowther

BlackRock’s bitcoin ETF is on the cusp of $100 billion in assets, a milestone it will have achieved in less than two years

While VOO might be the largest ETF in the world, IBIT — BlackRock’s iShares Bitcoin Trust ETF — is the fastest-growing. And the bitcoin-centered product is on the cusp of a major milestone, reporting that it now holds 802,257 BTC, putting it within a whisker of hitting $100 billion in assets (worth roughly $99 billion in good old-fashioned USD at the time of writing).

Considering that BlackRock’s iShares Bitcoin Trust launched only 636 days ago, that’s a remarkable speedrun, as individual and institutional investors have embraced cryptocurrency via the exchange-traded fund. For context, VOO took over 2,900 days to hit the same milestone (about eight years).

VOO vs. IBIT spead to $100 billion assets under management
Sherwood News

As noted in a great piece by Robin Wigglesworth in the Financial Times, IBIT is now a major money-spinner for one of the biggest stalwarts of TradFi. As the largest exchange-traded product in the crypto space, and with a not insignificant expense ratio of 0.25%, the ETF is pulling in somewhere in the region of $250 million of revenue for its asset manager parent company. As Wigglesworth puts it:

“Anyway, it’s heartwarming to see that one of the companies profiting the most from an anarchical, decentralised invention supposedly designed to reorder the global financial system is... BlackRock.”

crypto
Yaël Bizouati-Kennedy

Bitcoin ETFs take in more than $2 billion in two days

Bitcoin is down 2.7% from its recent record which saw it passing $126,000, but bitcoin ETFs are still hot.

The ETFs have already amassed more than $2 billion this week, on track to surpass last week’s $3.2 billion in inflows. In total, bitcoin ETFs have just under $165 billion in assets under management, representing 6.78% of the total market cap, SoSoValue data shows.

BlackRock’s iShares Bitcoin Trust by far took the lion’s share, with $1.8 billion of inflows. The fund is also close to $100 billion in assets, despite not even being 2 years old.

Bitwise CEO Matt Hougan said in a note, “The stars are aligned for a very strong Q4 for flows — more than enough to push us to a new record,” in part thanks to the “debasement trade.” 

Yaël Bizouati-Kennedy
Uptober
10/7/25
Bitcoin and its spot ETFs continue to hit new records

On Monday, bitcoin crossed $126,000 for the first time while bitcoin ETFs saw $1.2 billion in inflows.

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