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NYSE Arca Submits Filing for Listing of Truth Social Bitcoin ETF

  • On Tuesday, NYSE Arca submitted a Form 19b-4 filing with the SEC to introduce a Bitcoin ETF associated with Donald Trump's media enterprise, Truth Social.
  • The filing comes after Trump’s media enterprise teamed up with Crypto.com to introduce a range of digital asset offerings, subject to regulatory approval.
  • The ETF is designed to provide investors with an easier way to gain bitcoin exposure by mirroring the cryptocurrency’s price, following the trend set by spot bitcoin ETFs that have grown rapidly in popularity since early 2024.
  • Trump Media plans to use proceeds from a recent $2.5 billion private offering to build a bitcoin reserve, while bitcoin trades above $105,000 and the fund would be custodied by Foris DAX Trust Company.
  • If approved, the ETF would mark an expansion of Trump's presence in the booming bitcoin fund market, providing regulated, liquid crypto exposure through major brokerage platforms worldwide.
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NBC New York broke the news in New York, United States on Tuesday, June 3, 2025.
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