#TrumpBTCTreasury Trump's platform Truth Social takes the next step in launching a Bitcoin spot ETF. The social media company filed an S-1 document with the Securities and Exchange Commission on Thursday. The social media company of U.S. President Donald Trump, Truth Social, is not wasting any time and is attempting to launch an exchange-traded fund (ETF) for spot Bitcoin.

If the ETF is approved and launched for trading, Trump's Bitcoin fund will be listed under the name Truth Social Bitcoin ETF, and its assets will be managed by Foris DAX Trust Company, which also serves as custodian for assets of Crypto.com.