Truth Social Launches Bitcoin ETF Application to NYSE Arca

Trump Media’s Truth Social takes a significant step into the cryptocurrency market by filing for a Bitcoin exchange-traded fund (ETF) with NYSE Arca. This move comes as part of a broader strategy to integrate digital assets into Trump’s media empire, including a $2.5 billion Bitcoin treasury. The ETF aims to track the price of Bitcoin directly and subtract expenses, aligning with SEC regulations for listing on the stock market.