Truth Social, the media platform linked to Donald Trump, is making a bold move into the crypto world. An official filing has been submitted for listing a spot Bitcoin ETF on the U.S.-based NYSE Arca — a step that could significantly impact both the cryptocurrency market and the U.S. political-financial landscape.

📝 New ETF Backed by Trump Media

On June 4, the U.S. Securities and Exchange Commission (SEC) received Form 19b-4, which is required to initiate the approval process for an exchange-traded fund (ETF). The fund aims to track the price of Bitcoin and make it accessible to both retail and institutional investors.

This initiative is led by Trump Media and Technology Group (TMTG) through its Truth Social platform, in partnership with Yorkville America Digital and digital asset custodian Foris DAX Trust Company, affiliated with Crypto.com.

🔐 Custody via Crypto.com, Management by Yorkville

Yorkville will manage the ETF and ensure compliance with market regulations. Foris DAX Trust has been appointed as the custodian, safeguarding the Bitcoin holdings that back the ETF. Both companies have already established a strategic partnership with Trump Media to build out the infrastructure for digital financial products.

📉 Politics, Technology, and Bitcoin Strategy

While Donald Trump is not named in the ETF documents, his influence is undeniable. Truth Social — a product of his media group — is poised to become the first major political brand to enter the ETF market with a Bitcoin fund.

This filing follows Trump Media’s recent launch of a $2.5 billion corporate Bitcoin fund, created to support new crypto-focused financial products — with this ETF being the next strategic step.

🏛️ A New Tone in Crypto Regulation

Under the leadership of new chairman Paul Atkins, the U.S. SEC has begun showing a more open and accommodating attitude toward digital assets. In recent weeks, several long-standing investigations have been dropped, signaling a shift toward a more crypto-friendly regulatory environment.

The NYSE Arca ETF application now enters the SEC’s review process, which can take up to 240 days. During this period, the public will have the opportunity to comment, and the SEC will assess the proposal’s security, transparency, and market compliance.

Summary:

Truth Social is aiming to list its own spot Bitcoin ETF on NYSE. If approved, it would mark a historic moment in the convergence of politics, media, and crypto-financial products.



#TRUMP , #TruthSocial , #bitcoin , #etf , #CryptoNewss

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