<ul><li>Truth Social, the social media platform backed by Donald Trump, is seeking approval for its own Bitcoin ETF named Truth Social Bitcoin ETF.</li><li>The ETF would allow investors to invest in Bitcoin without directly owning or managing the asset, similar to other spot Bitcoin ETFs.</li><li>This move reflects Trump's increasing involvement in the crypto space, aligning with his pro-crypto stance and previous filings for Bitcoin-focused funds.</li><li>The SEC will review the ETF proposal, with potential concerns around custody, pricing, and branding, within a timeframe of up to 240 days.</li></ul>

Trump-Backed Bitcoin ETF Seeks SEC Approval

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