Truth Social Seeks SEC Approval for Bitcoin Spot ETF

Truth Social, the social media platform founded by former President Donald Trump, has officially filed for a spot Bitcoin exchange-traded fund (ETF) with the NYSE Arca. This move aims to offer investors direct exposure to Bitcoin’s market price through an Exchange Traded Fund (ETF). The ETF filing follows a key step in the regulatory approval process, as NYSE Arca previously submitted a Form 19b-4 for sharing ETF shares on their platform. A dual-track process is required before any ETF can launch in the U.S. market.