NYSE to List Truth Social Bitcoin-Ether ETF
The New York Stock Exchange has submitted a proposal to list an ETF that tracks bitcoin and ether prices, launched by Truth Social, a platform from Trump Media & Technology Group. Filed with the SEC, the ETF, sponsored by Yorkville America Digital and managed by Foris DAX Trust Company, aims to passively reflect these cryptocurrencies' performance. In addition to planning a dedicated Bitcoin ETF, Trump Media announced plans to significantly invest in crypto assets, reflecting their growing interests in the sector.
FAQ
❓ What is the purpose of the Truth Social ETF?
The ETF aims to track the prices of bitcoin and ether, offering a passive investment vehicle for these cryptocurrencies.
❓ Who sponsors the Truth Social ETF?
The ETF is sponsored by Yorkville America Digital, with asset custody by Foris DAX Trust Company.