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.

Broadcom edged past Wall Street’s expectations with its outlook for the current quarter on Thursday, but that wasn’t enough to lift its stock in the extended session.

Options traders piled into bearish bets on Tesla Inc. stock on Thursday at the fastest pace on record as a feud between President Trump and Tesla CEO Elon Musk escalated, causing the electric-vehicle maker to tally its biggest drop in market capitalization on record.

“Magnificent Seven” stocks have been storming back from this year’s lows but some have significant room to climb before achieving new records.