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NYSE Arca filed for the Truth Social Bitcoin ETF, tied to Trump Media.
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The ETF aims to track bitcoin’s market performance, pending SEC approval.
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The filing is sponsored by Yorkville America Digital and uses Foris DAX as custodian.
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Trump Media has allocated billions to crypto-related investments.
Truth Social Eyes Bitcoin ETF Launch
A new Bitcoin ETF application has been filed with the SEC by NYSE Arca on behalf of Truth Social, the social media platform owned by Trump Media and Technology Group. The ETF aims to track bitcoin prices, following the filing of Form 19b-4 on June 3.
Details on Structure and Custody
The sponsor of the ETF is Yorkville America Digital, which brands itself as an "America-first" asset management firm. Custody services will be handled by Foris DAX Trust Company. If approved, the ETF would be listed on the NYSE Arca exchange.
Part of a Larger Crypto Strategy
Trump Media has been gradually expanding into crypto. Earlier this year, the company established a corporate bitcoin treasury and received approval to invest up to $250 million into crypto-related assets. Its latest move adds to the wave of ETF applications being considered by regulators in a shifting U.S. policy landscape.
