Bitcoin Rises Slightly as Investors Brace for New U.S. Tariffs and Regulatory Decisions

Trump Media Proposes New Crypto ETF

Meanwhile, Trump Media & Technology Group Corp (NASDAQ: DJT) submitted a filing to the U.S. Securities and Exchange Commission (SEC) on Tuesday seeking approval to launch a new crypto-based exchange-traded fund (ETF), dubbed the “Crypto Blue Chip ETF.”

The proposed product would include a basket of top-tier digital assets such as Bitcoin, Ethereum, Solana, and Ripple, offering mainstream investors indirect exposure to the crypto market. If approved, it would mark the company's latest foray into digital finance, following two ETF proposals submitted last month.

Altcoins Surge as Broader Crypto Market Strengthens

Altcoins broadly rallied on Wednesday, buoyed by Bitcoin’s mild gains. Ethereum, the second-largest cryptocurrency, jumped 2.6% to $2,626.69, while XRP surged 3.2% to $2,337. Solana and Cardano climbed 2.4% and 3.5%, respectively, and Polygon led the altcoin rally with a 7.2% leap.

Among meme tokens, Dogecoin rose 2.4%, while the Trump-linked $TRUMP token gained 1.6%.

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