NYSE Arca has officially filed Form 19b-4 with the SEC to seek approval for a Bitcoin ETF linked to Donald Trump's Truth Social platform.
The proposed Truth Social Bitcoin ETF would track the spot price performance of Bitcoin before accounting for fund expenses.
Regulatory filings identify Yorkville America Digital as the sponsor and Foris DAX Trust Company as the custodian of the potential fund.
The move comes as parent company Trump Media & Technology Group expands its cryptocurrency initiatives through Truth.Fi, which recently obtained approval to allocate up to $250 million of its $700 million in cash reserves to cryptocurrency investments.