Ethereum on the Rise after Announcement of a New ETF from Trump’s Media Company
Ethereum is up today in part because there is a new ETF coming from Trump's Truth Social company.
Quick overview
- Ethereum (ETH) has increased by 3.71% in the last 24 hours, driven by news of a crypto-traded ETF from Donald Trump's media company.
- Despite recent gains, Ethereum has struggled to recover to its late 2024 highs and is lagging behind Bitcoin (BTC).
- The upcoming Truth Social Crypto Blue Chip ETF will primarily invest in Bitcoin but will also include altcoins like Solana and XRP.
- Trade volume for Ethereum has decreased by nearly 10% in the last day, with expectations for limited movement in the short term.
Live ETH/USD Chart
Ethereum (ETH) has gained 3.71% over the last 24 hours and is spurred on by news that Donald Trump’s media company will be releasing a crypto-traded ETF.
Will a new ETF from Trump’s media company help Ethereum get back lost ground? The coin has trended down throughout the early months of 2025 and has recently begun to stabilize. But it has a lot of lost ground to recover to get back to its late 2024 highs.
ETH/USDIts competitor Bitcoin (BTC) is doing much better, hanging close to its all-time high and holding strong even when it dips. Ethereum has had trouble holding onto its gains in 2025 and needs a leg up, which could be coming in the form of a new ETF. It will be known as the Truth Social Crypto Blue Chip ETF, and much of its assets will go into Bitcoin, but it will also use altcoins like Solana (SOL) and XRP (XRP).
ETFs are not currently approved by the Securities and Exchange Commission (SEC), but they could get that approval once Trump’s media company invests in ETFs. It makes sense that this would be a priority for Trump as he has positioned himself as a pro-crypto president. He has already shown himself willing to help his business partners and allies with new legislation, as he did in giving tax credits to those purchasing Tesla vehicles.
Price Prediction for Ethereum
Ethereum has gained 8.11% over the last week, giving one of its better recent performances. The coin is trending bullish right now, but so is much of the market. Ethereum could benefit strongly from some positive factors that affect it specifically rather than riding the wider market’s movements.
What we have seen in recent weeks is that Ethereum has struggled to keep up with Bitcoin’s bullish movement. Ethereum is definitely lagging in comparison, and even the most optimistic predictions do not expect Ethereum to hit an all-time high this year.
Trade volume for Ethereum is down nearly 10% for the day but is still a substantial $16.81 billion over the last 24 hours. Investors should expect a little more mileage from the ETF announcement but should not anticipate Ethereum moving much higher than its current level for this week.
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