On Tuesday, NYSE Arca submitted an application to the U.S. Securities and Exchange Commission (SEC) seeking approval to list the Truth Social Bitcoin Exchange-Traded Fund (ETF). Since the debut of bitcoin-focused ETFs in January 2024, these financial instruments have attracted billions of dollars in assets under management, reflecting strong investor appetite for regulated and liquid avenues to gain exposure to the cryptocurrency market. This move comes amid increasing institutional interest and broader acceptance of bitcoin as an investable asset.

The S&P 500 Index $^SPX ended Monday’s session in positive territory as investors maintained a cautiously optimistic outlook on U.S. trade negotiations, even in the face of escalating protectionist measures. The uptick came shortly after U.S. President Donald Trump announced a plan to double tariffs on imported steel and aluminum, intensifying economic pressure on key trade partners—most notably China.