Trump-Tied ‘Truth Social Bitcoin ETF’ Edges Closer to Launch
NYSE Group Inc. filed regulatory paperwork on Tuesday to list the Truth Social Bitcoin ETF, using the name of President Donald Trump’s social network.
Trump Media, which is majority-owned by Trump, applied in February to trademark brands for investment products with themes that closely track the president’s policy priorities, including Bitcoin. The firm signed a formal agreement with a New Jersey-based firm, Yorkville Advisors — which it referred to as “an America-First asset management firm” — to shepherd the products through the approval process.
Yorkville America Digital is listed in Tuesday’s filing as the sponsor of the new Truth Social ETF, which is set to buy and sell Bitcoin in order to track the price of the cryptocurrency. Crypto.com — through an affiliated entity named Foris DAX Trust Company LLC — will be the custodian of the digital tokens, according to the filing. The document does not mention Trump or offer a ticker or fees for the new fund.
