Trump’s social fact is seekoin etf
The US President Donald Trump’s largest -end Empire can grow larger, as deposits show plans for the Bitcoin Trading Fund (ETF), which carries a sign of the social media platform, Truth Social.
Stock Exchange Nyse Arca foot For Truth Bitcoin Social ETF with the Securities and Stock Exchange Committee on June 3 on behalf of the Asset Crypto Yorkville American Digital Director, a partner of the owner of Truth Social, Trump Media & Technology Group.
Trump is the owner of the majority of Trump Media, but he moved his shares to a confidence controlled by his son, Donald Trump Junior, before he re -inserted the White House.
ETF seeks to the NYSE Arca Stock Exchange and track the price of Bitcoin (BTC). The deposit did not reveal administrative fees or an indicator, but it is listed in the Foris Dax Trust Companyy menu, The Custodian of Crypto.com, as the proposed guardian.
If approved, the TROMP -linked ETF enters a crowded market in Bitcoin ETF for 11 similar boxes dominated by ISHARES Bitcoin Trust (IBIT) with approximately $ 69 billion of management assets.
It can also add to Trump’s controversial relationships with encryption, which critics say is conflicting interests with his presidential duties and accused Trump of profit from the presidency.
Trump and his family are associated with an increasing number of encryption projects, which include multiple combinations of the distinctive symbol (NFT), two Memecoins, Stablecoin, the encryption mining company and an encryption platform with a related symbolic symbol.
The ETF file comes after Trump signed a media agreement in April with Yorkville Digital and Crypto.com to launch a series of “Made in America”.
The introduction of 19B-4 to Truth Bitcoin ETF begins effectively in the SEC review process, and you must decide whether the request will be accepted, rejected or delayed within 45 days. It can delay its decision several times, for the maximum review period of 240 days.
Related to: Donald Trump gives conflicting answers to the profits of mechanics
The Supreme Education Council must decide the request by January 29, 2026, at the latest.
Yorkville will also need to submit a S-1 registration statement to ETF, which teaches SEC what the fund is planning to present, how it will work, and how it intends to use any revenues that arouse investors and associated risks.
Trump has also applied to the media. “The truth. the truth.
Trump wants the media to merge the encryption into the video flow site
Trump is also looking to integrate an encryption and wallet code into his video flow site, Truth+, CEO of the company, Devin Nunes, to shareholders on April 29.
“We explore the introduction of a interest icon in a digital digital portfolio that can be used initially to pay the costs of the truth+, then it is later applied to other products and services in the electronic fact.”
Trump first indicated plans for the potential encryption payments project last November when she submitted a brand request with the US Patent and brands office to build digital assets portfolio and allow encryption payments to the truth.
magazine: Trump’s encryption projects raise conflicts in interests, trading questions from the inside