BlackRock's Bitcoin Bonanza: Trump's Sons' Advisory Board Touts Cryptocurrency ETFs

Friday 28th of March 2025 15:05:16

Title: Public Company with Trump Sons on Advisory Board to Acquire BlackRock's Bitcoin ETFs

Date: March 28, 2025

In a surprise move, a publicly traded company with ties to former US President Donald Trump's sons, Eric and Donald Jr., has announced plans to acquire a significant portion of BlackRock's Bitcoin ETFs. The company, Digital World Acquisition Corp. (DWAC), has confirmed the deal, which is expected to be completed in the coming weeks.

DWAC, a special purpose acquisition company (SPAC), has been a vocal supporter of blockchain technology and cryptocurrency adoption. The company's advisory board includes Eric and Donald Trump Jr., who have been vocal about their enthusiasm for the digital asset space. The acquisition of BlackRock's Bitcoin ETFs is seen as a strategic move to expand DWAC's portfolio and further its mission to promote the growth of the cryptocurrency market.

BlackRock, the world's largest asset manager, has been a major player in the ETF space, and its Bitcoin ETFs have been highly successful. The acquisition is expected to give DWAC a significant foothold in the ETF market, allowing the company to offer a range of Bitcoin-related products to its investors.

The deal is also seen as a vote of confidence in the growing popularity of Bitcoin and other cryptocurrencies. As the digital asset market continues to grow, the acquisition is likely to be seen as a major milestone in the industry's development.

"We are thrilled to be acquiring BlackRock's Bitcoin ETFs," said DWAC's CEO, Patrick Orlando. "This deal is a significant step forward for our company and for the cryptocurrency market as a whole. We believe that Bitcoin and other digital assets have the potential to revolutionize the way we think about money and investing, and we are committed to helping to make that vision a reality."

The acquisition is expected to be completed in the coming weeks, pending regulatory approval. Once the deal is finalized, DWAC will become one of the largest holders of Bitcoin ETFs in the world, giving it a significant presence in the ETF market.