Trump’s Sons Dive into Bitcoin: A Tale of ETFs and Towers

  • Dominari Holdings, a firm curiously nestled in the gilded halls of Trump Tower and boasting the Trump scions on its board, has decided that the future is, apparently, digital. They’ve plonked down a cool $2 million on BlackRock’s iShares Bitcoin Trust (IBIT) shares, because why hold actual gold when you can hold digital gold? 🤷‍♂️💰
  • Instead of jumping into the wild west of direct bitcoin holdings, Dominari chose the genteel path of a regulated ETF. It’s like choosing to wear a suit to a beach party – practical for some, baffling to others. 🏖️👔
  • The Trump family’s gravitational pull towards crypto continues unabated, proving once again that where there’s a will (and a wallet), there’s a way into the digital asset game. 🌌💸

Picture this: an investment firm, not just any firm but one ensconced in the very heart of Trump Tower, decides it’s high time to sprinkle a bit of that digital magic dust on their financials. Dominari Holdings, with the Trump progeny in tow, has taken a leap into the world of bitcoin, albeit through the safer, more hedge-trimmed path of an ETF.

After making waves (or at least ripples) by roping in the Trump brothers onto their advisory board, Dominari Holdings has now earmarked a tidy sum of $2 million for shares of BlackRock’s iShares Bitcoin Trust (IBIT). This move, announced with all the subtlety of a trumpet in a library, comes as no surprise to those who’ve been tracking the Trump clan’s foray into the glittering world of digital assets.

While other companies might go down the rabbit hole of direct bitcoin ownership, Dominari has chosen to waltz with an ETF, a decision that smacks of pragmatism (or perhaps a desire for fewer sleepless nights). After all, why tangle with the complexities of compliance and accounting when you can have someone else do the heavy lifting?

And let’s not forget Donald Trump Jr.’s budding romance with crypto. The man has been diving into crypto projects with the enthusiasm of a kid in a candy store. This latest move is just another chapter in the ongoing saga of the Trumps and their digital dalliances.

Meanwhile, in a parallel universe (or just down the street), World Liberty Financial (WLFI), with the patriarchal backing of President Donald Trump himself, has been parading its stablecoin at a crypto event in Washington. It’s a small world, after all, especially when it comes to the intersection of politics and crypto. 🌐🤝

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2025-03-28 18:09