Trump Media and Technology Group Corp. on Thursday said it had filed a registration statement for an exchange-traded fund that would directly hold bitcoin — the latest move into cryptocurrency by those in Trump’s orbit as his administration tries to deregulate the industry.

U.S. President Donald Trump’s social media company, Truth Social, is wasting no time in trying to launch a spot bitcoin BTC $104,237.83 exchange-traded fund (ETF).

Donald Trump's media business has filed to introduce a bitcoin exchange-traded fund (ETF) as it looks to capitalize on growing interest in digital currencies and a regulatory environment increasingly influenced by Trump administration policies.