Truth Social, a social media platform supported by US President Donald Trump, has filed a Bitcoin Stef Fund (BTC) on the SEC the United States. According to a recent deposit of the dry, the social truth seeks to list and exchange the shares of the social fet Bitcoin de Truth on the NYSE Arca exchange.
The FNB Truth Social Bitcoin will be managed by Foris Dax Trust Company, LLC, according to which investors will only be authorized in cash regulations. The FNB Truth Social Bitcoin FNB deposit follows a recent decision by Trump Media and Technology Group to collect $ 2.5 billion to implement a Bitcoin Treasury management plan.
Social truth affirms a strong demand for bitcoin of institutional investors
The FNB Truth Social Bitcoin FNB is aligned with the Crypto-Monnaies agenda of American President Donald Trump. In addition, the Trump organization and the official Trump’s same meme ($ Trump) played a crucial role in the general adoption of digital assets.
The overall demand for Bitcoin by institutional investors as coverage against inflation and macroeconomic uncertainty remains high. According to the analysis of the BitcoinTheries market data, 223 entities now hold more than 3.39 million BTC as part of their Treasury management strategy.
Is the BTC price ready for the moon?
As Coinpedia reported, the growing demand for Bitcoin of institutional investors has helped to increase bullish feelings. The recent weekly rebound in a level of crucial support / resistance around $ 104,000 is a clear indication that the BTC price is preparing for a new gathering to a new summit of all time.
However, a coherent fence below $ 103,336 in the coming days will still delay a planned parabolic rally.
