Truth Social Files For Bitcoin ETF Approval: President Trump’s Platform Takes On Institutional Demand

Donald Trump’s Truth Social platform has filed for a spot Bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This move, according to their SEC filing, aims to list shares of the Truth Social Bitcoin ETF on the NYSE Arca Exchange. The trust managing this ETF is Foris DAX Trust Company, LLC, and investors will only be granted cash settlement. 2.5 billion dollars have been raised by Trump Media and Technology Group for a Bitcoin treasury management plan, further strengthening this initiative.