President Donald Trump continues to delve deeper into the cryptocurrency space. The Trump Media & Technology Group has filed with the SEC for a “Crypto Blue Chip ETF.” It will include five major cryptocurrencies, with Bitcoin accounting for the majority of the allocation.
The move reflects growing political and institutional alignment with digital assets, fueling positive market sentiment. At press time, Bitcoin trades at $108,700, just 2.8% below its all-time high.
As Bitcoin closes in on its record price, some respected analysts are looking to its new layer 2 blockchain, Bitcoin Hyper, built using the Solana Virtual Machine, as the best crypto to buy now.
The project is currently undergoing a presale, offering investors the opportunity to buy at an early stage.
Trump’s Crypto Bet Continues With Latest ETF Filing
Trump Media & Technology Group, a U.S. company in which President Donald Trump is the majority shareholder, has filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC) for a crypto exchange-traded fund (ETF).
It will be a spot basket comprising five different assets. Over 70% of the fund’s allocation will be in Bitcoin, reflecting its dominant position within the crypto market. The remainder will be split between Ethereum (15%), Solana (8%), XRP (2%), and Cronos (2%).
This is the third crypto ETF Trump Media has filed for, following two previous products – a dual Bitcoin-Ethereum ETF and a Bitcoin-only product.
The move is prompting ethical concerns given Trump’s role as U.S. president, although the White House insists he is not involved in his business dealings.
Ultimately, however, there is no doubt that Trump’s vocal support for the crypto industry, alongside Trump Media’s efforts to deepen its presence in the space, helps propel Bitcoin to new heights.
It not only provides institutional players with a sense of clarity and removes potential barriers to adoption, but also adds credibility to the market, which encourages investor participation.
Bitcoin to New Highs on Trump Media ETF Plans?
Bitcoin has remained steady over the past 24 hours with a 0.3% gain, despite holding a majority share in the ETF. The likely reason is that its inclusion in the product only confirms what everyone already knows: it’s by far the dominant crypto asset.
That said, the new ETF stacks another layer on Bitcoin’s bull case and fuels its ascent toward its ATH. Analysts are confident that it’s only a matter of time until the market-leading asset breaks out and soars to new heights. Standard Chartered even anticipates a move to $135,000 in Q3 and $200,000 by the end of 2025.
However, the ETF has had a more significant impact on the altcoins included. Notably, Cronos has rallied by 20.5%, becoming the largest gainer among the top 100 cryptocurrencies by market capitalization.
Its position in the ETF does more than suggest future institutional capital flows – it signals that a Trump-backed company views $CRO as a market-leading asset. That’s a huge nod of approval.
Cronos is also the smallest asset in the ETF, with a market capitalization of $3 billion. The next smallest is Solana at $81 billion.
Solana is up 2% today, while XRP is up 2.5%, and Ethereum has risen 2.8%.
Altcoin prices are gaining as institutional interest ramps up – but several top traders believe the most lucrative opportunity right now isn’t Cronos, Solana, XRP, or Ethereum – it’s Bitcoin Hyper. The new project has raised $2 million in its presale for a Bitcoin layer 2, but this leaves serious room for growth.
New SVM-Powered Bitcoin L2 Bitcoin Hyper Tipped for 12,500% Gain
Bitcoin Hyper has plans that could redefine the Bitcoin ecosystem.
We’ve seen Rootstock, Optimism, and other Bitcoin layer 2s utilize the Ethereum Virtual Machine (EVM), creating interoperability between the Ethereum and Bitcoin ecosystems.
However, Bitcoin Hyper connects Bitcoin to the blockchain that dominates the current market cycle: Solana. It’s building the first Solana Virtual Machine (SVM)-powered Bitcoin layer 2 network.
Bitcoin Hyper delivers the blistering speeds and low fees of Solana alongside smart contract functionality and complete interoperability. Solana developers can port their apps to the chain in minutes, and all transactions will be periodically settled on the Bitcoin layer 1.
It’s a setup that combines Solana’s market-leading speed and flexibility with Bitcoin’s gold-standard security.
Competitor L2s, such as Optimism and Stacks, are worth at least $1 billion, signaling that $HYPER has significant room for growth. As for how far it could go, Cryptonews suggests it could surge 125x after listing on exchanges.
Uniquely positioned to enhance Bitcoin’s capabilities, there is every chance that institutional ETF flows significantly benefit Bitcoin Hyper, both as an ecosystem and an investable asset.
So with the presale ongoing, investors have what could prove to be an incredibly lucrative opportunity to buy $HYPER early. However, price increases will occur throughout the presale, so they shouldn’t wait to get involved.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
