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Trump Media seeks bitcoin ETF in latest move into crypto, with a company it’s worked with before - MarketWatch

1. Trump Media filed for a bitcoin ETF to be listed on NYSE Arca. 2. Yorkville America Digital will sponsor the fund, increasing ties to Trump. 3. Shares for Trump Media dropped 1.9% after the announcement. 4. Past year saw Trump Media's stock decline by 56.3%. 5. Conflicts of interest may arise due to relations with Yorkville America.

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FAQ

Why Bearish?

The decline in stock price and significant annual loss indicate bearish sentiments. ETF approval alone won't offset current negative market perception.

How important is it?

The ETF's potential impact on stock prices ties deeply to market trends; however, current bearish indicators outweigh potential positives.

Why Short Term?

The immediate impact is felt in stock price fluctuations following ETF announcements. As bitcoin ETFs gain momentum, long-term outlook could shift, but current sentiment is negative.

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