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.

Trump Media and Technology (DJT) took a key step toward launching a publicly traded crypto investment product Thursday morning. The newly formed Truth Social Bitcoin ETF business trust filed its S-1 with the US Securities and Exchange Commission to register the new exchange-traded fund licensing Trump Media's social media brand.

On today's episode of CNBC Crypto World, bitcoin bounces back after an only feud between President Trump and Elon Musk put pressure on crypto. Plus, Switzerland considers sharing crypto tax information with dozens of countries.

The company and the man whose name it bears, President Donald Trump, continue to strengthen their ties to crypto.

Exchanges like Bybit and Binance saw the biggest hits, with Bybit alone accounting for nearly $354 million in liquidations.

Investors who went long on Bitcoin saw significant losses over the past 24 hours as the cryptocurrency dipped nearly 3%, nearing a retest of the $100,000 level. The price decline comes as the feud between US President Donald Trump and billionaire Elon Musk intensifies,

Bitcoin and other cryptocurrencies edged higher Wednesday as traders weighed up a number of potential catalysts, including the possibility of a new Truth Social ETF.Bitcoin traded up 0.6% over the last 24 hours to $105,

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).

Trump Media & Technology Group Corp. appears to be one step closer to launching an exchange-traded fund tied to Bitcoin, joining the crowded field of crypto-investment offerings for the retail masses.

Trump Media and Technology Group Corp. (DJT) has filed a registration statement with the U.S. Securities and Exchange Commission to list a bitcoin-tied exchange-traded fund on NYSE Arca, it said on Thursday.

Donald Trump’s Truth Social is submitting its S-1 form to the US Securities and Exchange Commission (SEC) to offer a Bitcoin ETF. This corresponds to the company’s 19b-4 filing. Like the other spot BTC ETFs,

Related: President Trump sends harsh message to Federal Reserve on interest rate cuts The stock market sell-off was big, with the S&P 500 and Nasdaq Composite falling 19% and 24% from early-year highs,