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Trump Media & Technology Group (TMTG) has submitted an application for the listing of the 'Truth Social Bitcoin ETF,' a fund designed to mirror Bitcoin prices, thereby offering investors a streamlined entry into the cryptocurrency market. This move signifies another foray by Trump into the cryptocurrency realm, following the group's pursuit of trademarks for digital asset products and the unveiling of a $2.5 billion Bitcoin reserve initiative. While the filing does not divulge specific details regarding Trump's personal involvement or the fund's inner workings, the progress of its approval is keenly awaited. Should it secure approval, the ETF would join over 60 Bitcoin-focused ETFs in the United States, contributing to a market that currently surpasses $130 billion in size.
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