Truth Social, the social media platform associated with former U.S. President Donald Trump, has submitted a filing for a spot Bitcoin exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). The proposed ETF, managed by Foris DAX Trust Company, LLC, aims to list on the NYSE Arca Exchange and will feature cash settlements only. This initiative is part of a broader strategy by the Trump Media and Technology Group, which recently raised $2.5 billion for Bitcoin treasury management. The filing comes amid strong institutional interest in Bitcoin, with 223 entities collectively holding over 3.39 million BTC as part of their treasury strategies. Market sentiment remains optimistic, as Bitcoin's price shows signs of recovery, potentially setting the stage for a new all-time high.