Trump Truth Social step toward bitcoin ETF launch with new NYSE filing

President Donald Trump The social platform of truth approached a bitcoin Stock market negotiated funds available for daily investors.

Nyse Arca, the electronic branch of the New York Stock Exchange which manages most ETF exchanges, deposited on Tuesday to list a Bitcoin fund linked to the president’s media company, the last sign of Trump’s extensial thrust in the world of cryptography. Known as form 19b-4, the deposit is required before regulators can decide to allow the fund to get started and negotiate on an American scholarship.

Called social truth Bitcoin ETF, the fund is designed to follow the price of Bitcoin and offer a simpler way for investors to expose themselves without holding the assets directly. The deposit follows a announcement partnership between Trump media And Crypto.com in March to put on the market a series of digital asset products later this year, pending regulatory approval.

These planned offers include baskets of cryptocurrencies, such as the native Cronos token of Bitcoin and Crypto.com, combined with traditional titles. The products will be marked under Trump media And made available to global investors via the main brokerage platforms and the Crypto.com application, which serves more than 140 million users worldwide.

Since the launch of January 2024 of the ETF Bitcoin Spot, the market has inflated to more than $ 130 billion in total assets. Blackrock‘S Ishares Bitcoin Trust (Go) represents the lion’s share, with nearly $ 69 billion in assets, making it the largest digital active manager in the world.

Trump is the majority owner of the parent company of Truth Social, Trump Media & Technology Group, which has made a series of adited movements in crypto in recent months – from the past few months – from trademark Digital active products to reveal a Bitcoin treasure plan of $ 2.5 billion Last week in Las Vegas. If it is approved, the ETF would represent one of the most politically linked entries on the booming market of Bitcoin funds.

WATCH: The commissioner of the dry peirce on the abolition of Binance Case: we first write the rules, then apply