🚨 JUST IN: 🇺🇸 Trump's Truth Social Files for Spot Bitcoin ETF

In a significant move, President Donald Trump's media company, Trump Media & Technology Group (TMTG), has filed for a spot Bitcoin Exchange-Traded Fund (ETF) through its platform, Truth Social. This initiative aims to provide investors with regulated exposure to Bitcoin, further integrating cryptocurrency into traditional financial markets.

This filing coincides with TMTG's broader strategy to embrace digital assets. The company recently announced plans to raise approximately $2.5 billion to establish a Bitcoin treasury, positioning itself as a significant player in the cryptocurrency space.

The proposed ETF, to be listed on the New York Stock Exchange (NYSE), seeks to offer investors a convenient and regulated means to gain exposure to Bitcoin without the complexities of direct ownership.

As of now, Bitcoin (BTC) is trading at approximately $105,587 USD.

This development underscores the growing intersection between traditional finance and the cryptocurrency sector, reflecting a broader trend of institutional adoption of digital assets.

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