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NYSE Arca, an arm of the New York Stock Exchange, submitted paperwork with the Securities and Exchange Commission on Tuesday.
Jun 4, 2025, 1:59 a.m.
NYSE Arca, which is part of the New York Stock Exchange, has filed paperwork with the Securities and Exchange Commission (SEC) to launch a fund issued by U.S. President Donald Trump’s media company Truth Social.
On Tuesday, the exchange filed a 19b-4 document with the SEC for a fund that would track the price of bitcoin
, similar to the already existing spot bitcoin exchange-traded funds (ETFs).
The filing was made on behalf of crypto asset manager Yorkville America Digital, which is a partner of Trump Media & Technology Group, the owner of Truth Social.
The custodian for the fund, if approved, would be Foris DAX Trust Company, which also serves as the custodian for Crypto.com’s assets.
A 19b-4 filing is required to be filed by self-regulatory organizations (SROs) to propose a rule change. A second document by the issuer, called the S-1, is also required to make the proposal official.
The fund would trade under the name Truth Social Bitcoin ETF, according to the filing.
Helene Braun
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
