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 those in Trump’s orbit as his administration tries to deregulate the industry.

Bitcoin and other cryptocurrencies edged higher Wednesday as traders weighed up a number of potential catalysts, including the possibility of a new Truth Social ETF.Bitcoin traded up 0.6% over the last 24 hours to $105,