rewrite this title Donald Trump’s New Bitcoin Move: Bridging Social Media and Crypto

A new ETF (Exchange-Traded Fund) application has been filed for Truth Social, the social media platform owned by former U.S. President Donald Trump. The filing aims to bring the platform into the stock market, pending approval from the U.S. Securities and Exchange Commission (SEC). According to the documents, the fund is designed to track the performance of Bitcoin.

SEC Approval Pending for Truth Social ETF

The application, submitted through NYSE Arca, outlines plans to list and trade the ETF publicly. Official documents state: “According to the Registration Statement, the Trust is generally intended to reflect the performance of the price of Bitcoin before the Trust’s expenses and liabilities are deducted.”

Sponsor and Custodian Announced

The proposed ETF lists Yorkville America Digital, LLC as the sponsor and Foris DAX Trust Company, LLC as the custodian. Yorkville has previously described itself as an “America-first asset management firm” in public statements.

Trump Media Already Listed on Nasdaq

Trump Media & Technology Group, which operates both Truth Social and Truth.Fi, is already listed on the Nasdaq stock exchange. This new ETF initiative could further connect Trump’s social media ventures with the evolving world of cryptocurrency investment.

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