The parent company of Truth Social (Nasdaq: DJT) wants to launch an exchange-traded fund for Bitcoin and Ethereum. Will investors bite?

Cryptocurrency stocks have been gaining serious traction ever since regulators opened the door to spot Bitcoin (BTCUSD) exchange-traded funds (ETF). Major players like BlackRock (BLK) and Fidelity have already made waves in this space,

Trump Media and Technology Group (DJT) on Monday sought approval from the Securities and Exchange Commission to launch a Truth Social-branded exchange-traded fund backed by Bitcoin (BTC) and Ethereum (ETH).

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 people in President Donald Trump’s orbit as his administration tries to deregulate the industry.

Trump Media & Technology Group is seeking to launch an exchange-traded fund that will invest in the two largest cryptocurrencies.

One way companies can try and drum up interest in their businesses is by getting involved with cryptocurrencies, especially given how hot Bitcoin (BTC -1.36%) has been this year.

Trump Media & Technology Group (TMTG), the parent company of Truth Social, has filed a new proposal to launch a cryptocurrency exchange-traded fund (ETF) that includes both Bitcoin and Ethereum. According to a recent filing with the US Securities and Exchange Commission (SEC),