New York, June 5, 2025 - The Truth Social Bitcoin ETF prospectus, filed with the U.S. Securities and Exchange Commission, highlights potential impacts of Donald Trump's pro-crypto stance. The filing, a first for a crypto-ETF, acknowledges the implications of Trump's agenda on the fund's sponsor. (Source: Bloomberg, June 5, 2025)
The ETF, sponsored by Yorkville America Digital, aims to hold spot Bitcoin and list on NYSE Arca. The prospectus specifically mentions the SEC's crypto-task force established in January and Trump's March executive order regarding a Strategic Bitcoin Reserve. (Source: Bloomberg, June 5, 2025)
The filing follows a companion Form 19b-4 submitted to the NYSE Arca. Approval of the ETF would expand Trump-linked crypto activities, following TMTG's announcement of a $2.5 billion offering for a corporate Bitcoin treasury. (Source: Bloomberg, June 5, 2025)
The proposed Bitcoin fund would join existing U.S. spot-Bitcoin ETFs, which collectively manage approximately $126 billion in assets. This marks a significant development in the intersection of politics and cryptocurrency. (Source: Bloomberg, June 5, 2025)