Trump’s company advances toward launching a bitcoin ETF
The Trump Media & Technology Group, which is primarily owned by US President Donald Trump, is getting closer to introducing an exchange-traded fund (ETF) with a bitcoin connection.
According to specialist media, NYSE Arca, the New York Stock Exchange’s all-electronic division that manages the majority of ETF trading, submitted a listing application on Tuesday for a bitcoin fund associated with the president’s business.
This registration is essential before U.S. regulators can decide whether to allow the fund to begin and list on a U.S. exchange. Dubbed Truth Social Bitcoin ETF, the fund is supposed to imitate the price of bitcoin and offer investors a simpler option to obtain exposure without holding the currency directly.
