Trump-linked ETF, If approved, would join an already crowded Bitcoin ETF market dominated by BlackRock’s iShares Bitcoin Trust ETF (IBIT), which holds nearly $69 billion in assets under management.

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If approved, the Trump-linked ETF enters a crowded Bitcoin ETF market of 11 similar funds dominated by BlackRock’s iShares Bitcoin Trust ETF (IBIT) with nearly $69 billion in assets under management.

This ETF would join an already crowded market of 11 approved spot Bitcoin ETFs, led by BlackRock’s IBIT, which holds nearly $69 billion in assets. Still, a Trump-affiliated product could attract a politically motivated investor base or raise further questions about conflicts of interest.