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Trump’s crypto gambit: ‘Truth Social Bitcoin ETF’ files for NYSE listing – a game changer or just more hype?

  • NYSE Group filed paperwork to list a 'Truth Social Bitcoin ETF,' linked to Trump Media, majority-owned by Donald Trump, partnered with Yorkville Advisors.
  • The ETF will be sponsored by Yorkville America Digital and custodied by Foris DAX Trust Company affiliated with Crypto.com, actively buying and selling Bitcoin to track its price.
  • Trump Media & Technology Group Corp., associated with Donald Trump, is moving closer to introducing the ETF, expanding its ventures into the cryptocurrency market.
  • The potential Trump-affiliated ETF faces ethical scrutiny due to intertwining financial interests and policy influence, drawing criticism from ethics experts amid concerns of financial benefits for Trump.

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