News View Non-AMP

Breaking: President Donald Trump’s Truth Social Files for Spot BTC ETF

Published by
Steve Muchoki

Truth Social, a social media platform backed by the United States President Donald Trump, has filed for a spot Bitcoin (BTC) exchange-traded fund (ETF) with the U.S. SEC. According to a recent SEC filing, the Truth Social seeks to list and trade shares of the Truth Social Bitcoin ETF on the NYSE Arca Exchange. 

The Truth Social Bitcoin ETF will be managed by Foris DAX Trust Company, LLC, whereby investors will only be allowed cash settlement. The filing of the Truth Social Bitcoin ETF follows a recent move by the Trump Media and Technology Group to raise $2.5B to implement a Bitcoin treasury management plan.

Truth Social Affirms High Bitcoin Demand from Institutional Investors

The filing of the Truth Social Bitcoin ETF aligns with the cryptocurrency agenda of the U.S. President Donald Trump. Furthermore, the Trump Organization and the Official Trump Meme ($TRUMP) have played a crucial role in the mainstream adoption of digital assets.

The overall demand for Bitcoin by institutional investors as a hedge against inflation and macroeconomic uncertainty remains high. According to market data analysis from BitcoinTreasuries, 223 entities now hold more than 3.39 million BTCs as part of their treasury management strategy.

Is BTC Price Ready to Moon?

As Coinpedia reported, the rising demand for Bitcoin from institutional investors has helped increase bullish sentiment. The recent weekly rebound from a crucial support/resistance level around $104k is a clear indication that BTC price is preparing for a fresh rally towards a new all-time high.

However, a consistent close below $103,336 in the coming days will further delay an anticipated parabolic rally. 

Steve Muchoki

Steve is a crypto news writer with a passion for decoding market moves. He blends breaking blockchain news with sharp technical analysis and bold price predictions. From Bitcoin rallies to altcoin breakouts, Steve breaks it all down with clarity and insight. Whether you're a trader or just curious, his analysis keeps you ahead of the curve.

Recent Posts

DOGE To $0.50 Excites Crypto Holders Almost As Much As Rollblock’s ROI

Dogecoin’s (DOGE) push toward $0.50 has reignited the interest of seasoned traders. However, DOGE holders…

July 18, 2025

SUI Aims for $5 This Month—But Ozak AI Might Flip $150 Into $15K

Sui, a Layer-1 blockchain built for performance and scalability, is gaining attention. It is now…

July 18, 2025

Cardano Now Live in Blockchain.com DeFi Wallet, Trading Volume Hits $2.98B

The crypto market is on the rise, with major altcoins rallying in the past 24…

July 18, 2025

Could XRP Reach $20? Experts Think So—But XYZVerse Presale May Bring 50× Gains

Speculation is mounting around XRP's potential for a significant price surge, with experts eyeing new…

July 18, 2025

SUI Price Builds Momentum Amid Cross-Chain Integration

Among the broader crypto market, a recent rally in SUI price has displayed notable strength…

July 18, 2025

Dogecoin Founder Issues Mock Crypto Crash Alert, Blames Zillow

Billy Markus, the co-creator of Dogecoin (DOGE), known online as Shibetoshi Nakamoto, has stirred the…

July 18, 2025