Truth Social Enters Cryptocurrency Investment Space with New ETFs
- Truth Social has registered two cryptocurrency investment trusts in Nevada.
- The trusts focus on Bitcoin and Ethereum, the largest crypto assets by market capitalization.
- A new entity named Truth Social Bitcoin and Ethereum ETF was registered on June 5.
- NYSE Arca filed a Form 19b-4 with the SEC to list shares of the Truth Social Bitcoin ETF.
- Yorkville America Digital partnered with Trump Media for launching exchange-traded products.
Truth Social’s registration of cryptocurrency investment trusts in Nevada marks its entry into the crypto investment space, focusing on Bitcoin and Ethereum. The move includes plans to file for an exchange-traded fund offering exposure to these cryptocurrencies.
Source (2.6)https://cryptobriefing.com/truth-social-cryptocurrency-investment-trusts/?rand=59535
