The Truth Social Bitcoin ETF proposal has been officially filed with the Securities and Exchange Commission (SEC) for listing and trading on NYSE Arca.
Managed by Yorkville America Digital, LLC, the ETF is designed to track the spot price of Bitcoin and the custody will be handled by Foris DAX Trust Company.
This fund would be one of the first Bitcoin ETFs directly associated with a political brand, Trump's Truth Social platform, although the filing doesn't mention Trump personally.
If approved, the ETF would offer investors exposure to Bitcoin's real-time market value through traditional financial markets, expanding the list of spot Bitcoin ETFs in the U.S.