Urgent and Very Important 🚨:
Trump Media Launches a New Bitcoin Fund Supported by Truth Social Platform.
The company "Trump Media" is preparing to launch a new investment fund traded on the stock exchange, linked to Bitcoin, called "Truth Social Bitcoin ETF". This fund will be among the Bitcoin funds that allow people to invest easily and track the performance of the currency.
The New York Stock Exchange has submitted the official documents, and there will be a partnership with a company called "Yorkville America Digital" which will be the official sponsor. The digital assets of the fund will be held through the "Crypto.com" platform via an entity called "Foris DAX Trust Company".
Although the fund is linked to the Truth Social platform, the official documents did not mention Donald Trump himself nor did they clarify the fund's fees or trading symbol.
What is noteworthy is that there are more than 60 Bitcoin funds in the US market, but this fund stands out because it is associated with Trump’s name, known for his strong support of cryptocurrencies and his efforts to promote laws that enhance Bitcoin's presence in the market.
A few months ago, Trump Media submitted trademark registration applications for investment products related to Bitcoin under Trump's name, and they have a partnership with "Yorkville Advisors" to prepare for the new products and obtain approvals.