President Donald Trump’s Truth Social platform is taking a significant step toward introducing its own Bitcoin exchange-traded fund (ETF). This move is intended to compete with the world’s largest asset managers, who have increasingly adopted cryptocurrencies over the past year.

Trump’s Truth Social Files For Bitcoin ETF

On Tuesday, NYSE Arca, the all-electronic division of the New York Stock Exchange (NYSE) responsible for most exchange-traded fund trading , filed a 19b-4 form to list a Bitcoin fund associated with Trump’s media company. This filing is a crucial prerequisite for regulatory approval, enabling the fund to launch and trade on a US exchange.

Named the Truth Social Bitcoin ETF, this fund is designed to mirror the price movements of the market’s leading cryptocurrency,

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