Truth Social, the social media platform founded by former U.S. President Donald Trump, has taken another step towards offering a Bitcoin ETF. Bloomberg ETF analyst Eric Balchunas reported that the company submitted an amended S-1 application to the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin ETF. This amendment suggests Truth Social is actively addressing the SEC's concerns and working towards approval. The filing indicates growing institutional interest in providing more accessible avenues for investors to gain exposure to Bitcoin. While the SEC has approved Bitcoin futures ETFs, a spot Bitcoin ETF would directly hold Bitcoin, potentially leading to more accurate price tracking and greater investment. The success of this application remains uncertain, as the SEC has yet to approve a spot Bitcoin ETF. ```

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