Trump’s Truth Social Joins Bitcoin ETF Race With New Filing On NYSE Arca
Donald Trump is extending his push into crypto with a new plan to launch a Truth Social Bitcoin ETF, his latest move in an increasingly controversial expansion into digital assets. The proposed exchange-traded fund, filed by NYSE Arca on behalf of Yorkville America Digital, a financial partner of Trump Media & Technology Group, aims to track Bitcoin’s price performance. If approved, the Truth Social Bitcoin ETF would mark a major expansion of Trump’s growing crypto footprint, adding to a controversial digital asset portfolio that includes meme coins, NFTs, and a mining venture, many of which have drawn scrutiny over potential conflicts of interest. Truth Social Bitcoin ETF To Have Same Custodian As Crypto.com The filing did not disclose details about the proposed Truth Social Bitcoin ETF, with the management fee and ticker of the fund still unknown. However, NYSE Arca’s filing did say the fund “seeks to reflect generally the performance of the pri...