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.
57 Articles
57 Articles
Trump-Linked Yorkville America Files for Truth Social Bitcoin ETF
Yorkville America Digital, an asset manager that partnered with Trump Media & Technology Group in April, has applied to the U.S. Securities and Exchange Commission to list a spot bitcoin exchange-traded fund branded with President Donald Trump’s Truth Social platform. The application for the Truth Social Bitcoin ETF was submitted by NYSE Arca on behalf of Yorkville America Digital. The ETF will track the price of bitcoin, with assets held in cus…
Trump's Truth Social Files For Bitcoin ETF As Family Goes 'Seriously Long' On Crypto - Trump Media & Tech Gr (NASDAQ:DJT)
The New York Stock Exchange submitted a Bitcoin (CRYPTO: BTC) exchange-traded filing Tuesday on behalf of Truth Social, the social media platform owned by President Donald Trump. What Happened: NYSE Arca, a subsidiary of the NYSE, filed a Form 19b-4 with the SEC, seeking to list and trade shares of the proposed “Truth Social Bitcoin ETF,” designed to track the price of the apex cryptocurrency. The filing stated, “The shares are intended to const…
Coverage Details
Bias Distribution
- 63% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage