#Trump Files for Bitcoin ETF


Trump Media & Technology Group, owned by Donald Trump, has filed for a Bitcoin exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC) called the Truth Social Bitcoin ETF. This ETF aims to track Bitcoin's price performance and will be custodied by (link unavailable), which will also act as the prime execution agent and liquidity provider. The ETF is expected to trade on NYSE Arca, pending approval from the SEC.

The filing reveals some key details about the ETF's structure. Yorkville America Digital will sponsor the ETF, and the launch is contingent on the effectiveness of the registration statement and approval of a Form 19b-4 filing with the SEC. However, the filing also highlights potential conflicts of interest, as the ETF's sponsor and custodian may take positions in Bitcoin ahead of the fund.

It's worth noting that this move is part of Trump's broader crypto endeavors. Trump Media & Technology Group recently unveiled a plan to allocate $2.5 billion to its corporate Bitcoin treasury, showcasing its growing interest in digital assets. If approved, the Truth Social Bitcoin ETF would be the first Bitcoin ETF directly tied to a former US President's media platform.
TRUMP-2,57%
BTC-0,74%
A-2,58%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
Balajal_ivip
· 06-10 04:19
trump files for bitcoin etf
Reply0
Balajal_ivip
· 06-09 11:24
The U.S. House of Representatives is set to review an alternative amendment to the "CLARITY Act," a proposed bill aimed at providing regulatory clarity for the digital asset market. This development reflects growing efforts to establish a clear regulatory framework for cryptocurrencies
Reply0
Balajal_ivip
· 06-09 11:23
The U.S. House of Representatives is set to review an alternative amendment to the "CLARITY Act," a proposed bill aimed at providing regulatory clarity for the digital asset market. This development reflects growing efforts to establish a clear regulatory framework for cryptocurrencies
Reply0
Balajal_ivip
· 06-06 18:17
Launchpool Participation Guide, $1000 Bonus: First 100 new user get $10 each, Stake for the 1st time to share a $9000 prize pool
Reply0
Balajal_ivip
· 06-06 18:12
Launchpool Participation Guide, $1000 Bonus: First 100 new user get $10 each, Stake for the 1st time to share a $9000 prize pool
Reply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)