US President Trump’s Social Media Firm to Launch a Bitcoin ETF
NYSE Arca, part of the New York Stock Exchange, yesterday (Tuesday) filed with the Securities and Exchange Commission (SEC) for approval to launch an exchange-traded fund (ETF) that tracks the price of Bitcoin, proposed by Truth Social, the social media company backed by US President Donald Trump.Truth Social Bitcoin ETFThe exchange submitted the regulatory filing on behalf of crypto asset manager Yorkville America Digital, a partner of Trump Media & Technology Group (TMTG), the owner of Truth Social.If approved, the fund would trade under the name Truth Social Bitcoin ETF, and its custodian would be Foris DAX Trust Company, which also provides similar services for Crypto.com’s assets.JUST IN:
NYSE Arca, part of the New York Stock Exchange, yesterday (Tuesday) filed with the Securities and Exchange Commission (SEC) for approval to launch an exchange-traded fund (ETF) that tracks the price of Bitcoin, proposed by Truth Social, the social media company backed by US President Donald Trump.
Truth Social Bitcoin ETF
The exchange submitted the regulatory filing on behalf of crypto asset manager Yorkville America Digital, a partner of Trump Media & Technology Group (TMTG), the owner of Truth Social.
If approved, the fund would trade under the name Truth Social Bitcoin ETF, and its custodian would be Foris DAX Trust Company, which also provides similar services for Crypto.com’s assets.
JUST IN:
