Trump’s Truth Social Files For Bitcoin ETF As Family Goes ‘Seriously Long’ On Crypto
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 constitute a simpler means of making an investment similar to an investment in Bitcoin rather than by acquiring, holding and trading Bitcoin directly.”
The trust’s sponsor is Yorkville America Digital, LLC, with Foris DAX Trust Company, LLC serving as the custodian.
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