Trump’s Truth Social files for dual Bitcoin and Ether ETF
Summary
Truth Social, a social media platform associated with Donald Trump, has filed an S-1 form with the SEC to launch a dual ETF for Bitcoin and Ether. The ETF, sponsored by Yorkville America Digital, aims to offer shares backed by Bitcoin and Ether, simplifying crypto investment for investors. The shares will be backed by assets held by Foris DAX Trust Company, operating as Crypto.com. The ETF is proposed to be listed on NYSE Arca. Details such as the fund's ticker and cash custodian are pending. This follows SEC approval of Trump Media's $2.3 billion Bitcoin treasury deal.
