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President Trump’s Truth Social Files S-1 Form For Bitcoin ETF

  • Trump Media and Technology Group Corp. filed a Form S-1 for their upcoming Truth Social Bitcoin ETF, which will hold bitcoin directly to track its price performance.
  • The ETF is sponsored by Yorkville America Digital, LLC, will trade under NYSE Arca, and the assets consist primarily of bitcoin held by Foris DAX Trust Company, LLC.
  • Investors warned of risks related to digital assets such as loss of private keys, disruptions in blockchain and Internet technologies, environmental concerns in bitcoin mining, and volatility due to network failures.
  • Trump Jr. announced the formation of a $2.5 billion Bitcoin treasury by Trump Media and Technology Group Corp. and Truth Social, emphasizing the importance and potential of Bitcoin in the future of finance.

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