Trump Media & Technology Group, led by President Trump, is stirring up the cryptocurrency market by submitting registration documents to the U.S. Securities and Exchange Commission (SEC) for launching a physical exchange-traded fund (ETF) based on BTC and ETH. This news is raising optimism across the market and increasing the potential for major cryptocurrencies, centered around BTC, to rise throughout June.
According to the S-1 application, the new ETF plans to invest 75% of its total assets in BTC and 25% in ETH. This demonstrates a more solid perception of BTC as a value storage medium like digital gold, while also reflecting growing institutional interest in ETH. In fact, BTC temporarily broke through $105,934 as of June 24 and is currently trading around $105,244.
Expectations for the ETF are driving market momentum despite the Federal Reserve's policy uncertainty. Currently, six whale wallets have withdrawn a total of 1,110 BTC from Binance, and over 166,000 BTC have moved to wallets outside exchanges, indicating a strengthening long-term holding trend.
ETH is also maintaining a strong and stable flow around $2,419. In the past four days, whale investors have purchased 340,000 ETH, and in just one day, over 871,000 ETH flowed into whale wallets, recording the highest level since 2017. This reflects expectations for an active DeFi and Non-Fungible Token ecosystem and continuous growth of Layer 2 scalability solutions.
XRP is also continuing its momentum. While trading in a narrow price range of $1.95-$2.40 over the past month, technical analysis suggests a potential breakthrough soon. Currently, XRP is up about 3% to $2.17, and on-chain data shows the number of whale wallets holding over 1 million XRP has reached 2,708, a 12-year high. The daily active addresses on the Ripple Ledger have increased to 295,000, a 7-fold increase from the recent average, indicating a surge in network activity.
The emerging project angry pepe fork ($APORK) is also attracting investor attention. This meme coin has completed a smart contract security audit and is introducing a token model that integrates a 'CommunityFi' incentive system linked to community growth and a 'GambleFi' game-type economy. It has already raised 244,576 USDT in the presale stage, with a potential bonus of up to 20% based on purchase amount and an annual APY of over 10,000%, making it noteworthy from a medium to long-term perspective.
As the blockchain market regains vitality, President Trump's ETF news suggests the possibility of cryptocurrency entering the institutional realm beyond mere price speculation. With BTC, ETH, and XRP at the center, expectations are also rising about whether new utility-based projects can provide diversity and substantive value in the market.
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