The post Truth Social’s Parent Company Files for Spot Bitcoin ETF Amid Competitive Market Landscape appeared on BitcoinEthereumNews.com.

Truth Social’s parent company has officially entered the competitive crypto investment arena by filing for a spot Bitcoin exchange-traded fund (ETF), signaling a significant move in the evolving digital asset landscape. The proposed ETF, managed by Yorkville America Digital and listed on NYSE Arca, aims to track Bitcoin’s price, leveraging partnerships with Crypto.com and other fintech innovators to expand its crypto offerings. According to COINOTAG, “The Trust seeks to reflect the performance of the price of bitcoin before payment of the Trust’s expenses and liabilities,” highlighting the fund’s core objective to mirror Bitcoin’s market movements. Truth Social’s parent company files for a spot Bitcoin ETF with Yorkville and Crypto.com partnerships, aiming to capture Bitcoin’s price performance amid a crowded market. Truth Social’s Parent Company Enters Bitcoin ETF Market with Strategic Partnerships In a notable development within the crypto investment sector, Yorkville America Digital, affiliated with Truth Social’s parent company, has filed a Form 19b-4 with the Securities and Exchange Commission (SEC) to launch a spot Bitcoin ETF on NYSE Arca. This move positions the company alongside established players in a market currently dominated by 11 approved spot Bitcoin ETFs, including BlackRock’s IBIT, which manages nearly $69 billion in assets. The ETF is designed to closely track Bitcoin’s price, providing investors with direct exposure to the cryptocurrency without the need to hold it physically. The filing reveals that Foris DAX Trust Company, Crypto.com’s asset custodian, will serve as the ETF’s custodian, underscoring the collaboration with a reputable crypto infrastructure provider. While specific details such as the ETF’s ticker symbol and management fees remain undisclosed, the partnership signals a robust framework for asset security and operational integrity. The SEC’s review process allows up to 240 days for a final decision, with a deadline set for January 29, 2026, ensuring thorough regulatory scrutiny.…

---

Filed under: News - @ June 4, 2025 4:27 am