This is Frances Yue, crypto reporter at MarketWatch. Since President Donald Trump’s election win in November, several asset managers have filed applications with regulators for a number of exchange-traded funds with plans to invest in minor crypto coins.

President Trump's social media company, which previously said it was moving into offering investment products, said Thursday that it's taken the first steps toward launching a bitcoin ETF. Why it matters: A company majority owned by the president is launching a financial product that potentially benefits from his policy positions,