Truth Social registers a Bitcoin and Ethereum ETF in Nevada, paving the way for a dual asset cryptocurrency investment fund.
Yorkville America Digital partners with Truth Social to seek SEC approval for the Bitcoin ETF, strengthening its presence in the cryptocurrency market.
Truth Social's Bitcoin and Ethereum ETF could rival BlackRock's $70 billion iShares Bitcoin Trust.
Truth Social, from U.S. President Donald Trump, has officially registered a new entity, indicating its plans to enter the cryptocurrency investment sector. On June 5, the company registered Truth Social's Bitcoin and Ethereum ETF as a national business trust in Nevada.
This registration lays the groundwork for a future offering of a Bitcoin and Ethereum exchange-traded fund (ETF), focusing on the two largest cryptocurrencies by market capitalization.