#Trump Media Files for Truth Social
$BTC #ETF Through NYSE Partnership
Trump Media & Technology Group has submitted paperwork for a spot
$BTC exchange-traded fund called "Truth Social Bitcoin ETF."
NYSE Arca filed the rule change request with the #SEC on Tuesday to list the proposed fund.
Investors would gain exposure to
$BTC through regulated stock exchange shares under the proposed structure.
The SEC approved 11 Bitcoin funds last year, creating the most successful #ETF launch in financial market history.
Trump Media plans to invest up to $250 million of its own capital into crypto and energy ETF products.
The company recently completed a $2.4 billion fundraising round to establish a
$BTC treasury strategy.
President Trump's business interests include #WorldLibertyFinancial, a crypto lending project launched before the election.
