Donald Trump’s social media platform Truth Social has made waves in the crypto world by applying for a Spot Bitcoin ETF. The filing, submitted by Trump Media & Technology Group (TMTG) to the SEC, marks the company’s official entry into digital assets.
Following BlackRock’s Footsteps
According to regulatory documents, TMTG aims to leverage Bitcoin’s growing institutional adoption. A spot ETF provides direct exposure to physical Bitcoin, eliminating the need for digital wallet management. This move positions Truth Social alongside giants like BlackRock and Fidelity.
TMTG’s political ties and conservative user base could introduce Bitcoin to a new demographic. Meanwhile, meme coins like Bitcoin Pepe are gaining traction as retail investors seek high-risk, high-reward alternatives.
Why Meme Coins Are Rallying
Bitcoin Pepe, blending Bitcoin’s credibility with the iconic Pepe meme, has raised $13 million in presale. Its upcoming CEX listing in 13 days is fueling speculation.
