Trump Media recently filed for a spot Bitcoin ETF, marking a significant push into the cryptocurrency market. The filing identifies Foris DAX Trust Company, affiliated with Crypto.com, as the proposed custodian for the ETF. Notably, there are currently 11 approved spot Bitcoin ETFs in the market, led by BlackRock’s IBIT, holding nearly $69 billion in assets. This development could reshape investor engagement with Bitcoin and escalate competition in the thriving cryptocurrency ETF space. If approved, Trump’s Bitcoin ETF could provide more visibility and accessibility to cryptocurrency investments, appealing to a broader range of investors.