News linked to both this project and an event.
Odaily News The U.S. Securities and Exchange Commission (SEC) has published responses to its request for comments on "Novel ETFs," funds that may hold crypto assets or employ unconventional strategies. The divergence in opinions centers on whether filing documents should remain public before the fund begins trading, and how fast the review process should be.Crypto asset manager Grayscale and the crypto policy organization Crypto Council for Innovation (CCI) support an optional confidential filing period to reduce the likelihood of competitors submitting imitation filings. Charles Schwab opposes full confidentiality and suggests disclosing filings at least 75 days before a fund launches.Grayscale requests the SEC to respond within 45 days, while CCI argues that the confidential process should not extend the automatic effectiveness or review deadlines. Venture capital firm Andreessen Horowitz (A16z) supports shortening the review timeline but emphasizes that the rigor of the review should not be reduced. Trading firm Jane Street, however, contends that accelerating the process could lead to lower product quality, competitiveness, and liquidity.The U.S. currently has 174 ETFs related to crypto assets. BlackRock's iShares Bitcoin Trust ETF (IBIT) manages approximately $61 billion in assets, accounting for roughly 38% of the total assets of related ETFs. The SEC will determine whether adjustments will be made to the confidentiality arrangement and review speed of filings. (Bitcoin.com News)
: Trump Media & Technology Group (TMTG) is exploring the commercialization of real-time information feeds on its Truth Social platform, offering institutional clients high-speed access to Trump's posts at a price of up to $100,000 per month. Sources indicate that Trump Media & Technology Group has proposed a six-figure monthly fee plan to potential clients, allowing quicker access to the latest updates from U.S. President Donald Trump on Truth Social. The service is primarily aimed at institutional investors seeking to track policy signals, market sentiment, and the impact of political events with low latency.As one of Trump's primary channels for public communication, Truth Social's content has long been a focus of financial markets. Information such as Trump's policy views, tariff measures, and regulatory statements has repeatedly triggered volatility in stocks, foreign exchange, and cryptocurrency markets. However, it remains unclear whether the high-speed data service has secured any clients yet, or how many institutions are willing to pay the listed fees. (Financial Times)