Truth Social presents application for an ETF Bitcoin before the SEC

President Donald Trump’s social network advances towards Wall Street with an ETF Bitcoin in cash, which will be marketed through NYSE ARCA.

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• NYSE ARCA submitted a formal request before the Sec To list the ETF Truth Social Bitcoin
  
• The sponsor of the trust is Yorkville America Digital, with custody by Foris Dax
  
• Trump Media It already has a corporate treasury in Bitcoin After an offer of USD $ 2.5 billion

Social truth, the social network linked to US president Donald Trump, confirmed plans to launch a quoted background on the bag (ETF) based on Bitcoin in cash, for which the corresponding application has already been introduced before the Bag and Securities Commission (SEC).

The application, made by NYSE ARCA through the form 19B-4, Look for the approval of the Sec To start listing and operate the background. The initiative represents a new step of the conservative political sphere towards the Crypto and Institutional Financial Ecosystem.

“According to the registration, the trust seeks to reflect in general the performance of the price of Bitcoin, before expenses and liabilities of the same,” Point out the application.

About the ETF Bitcoin of Social truth

The proposed ETF will be called “Truth Social Bitcoin ETF” and will be sponsored by Yorkville America Digital, LLC. This trustee will have the custody of Foris Dax Trust Company, LLC.

According to a previous statement, reviewed by The Block, Yorkville America Digital It is described as an asset management firm with focus “America First”, Aligned with the political rhetoric of its main promoter, President Trump.

The declared objective of the fund is to provide investors exposure to the price of Bitcoin without having to acquire and store the digital asset directly.

Social truth and Truth.fi: expansion beyond social networks

Social truth It is operated by Trump Media and Technology Group, A company that quotes in Nasdaq. In addition to its social network, the conglomerate recently launched the platform Truth.fi, A financial vehicle with approved capacity to invest up to USD $ 250 million of its over USD $ 700 million in reservations.

These investments include traditional assets, administered accounts, ETFs, Bitcoin and other instruments linked to cryptocurrencies. With this, Trump Media He has made clear his intention to combine his political and technological identity with more aggressive financial strategies.

In early 2025, the company also announced the formation of a corporate treasury in Bitcoin, Backed by an offer of securities for USD $ 2.5 billion, indicating a serious institutional commitment for digital assets.

Possibilities for this product

Although the Sec He has shown some historical resistance to the ETFs based on cryptocurrencies in cash, the arrival of the new president of the agency, Paul Atkins, has marked a change of tone. This recently declared that “It’s a new day” In the agency, what many interpret as a greater opening towards the crypto ecosystem.

In addition to Bitcoin, Several companies have submitted proposals to launch funds that replicate the performance of other assets such as Sun, XRP or Doge. However, the initiative related to Social truth It stands out for its political bond and its potential to attract an investor base interested in both cryptocurrencies and the ideas of “Financial sovereignty” and economic nationalism.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain

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