Trump Media and Technology Group Corp. filed with the SEC for a Truth Social Bitcoin ETF, designed to track Bitcoin's price performance. This ETF, sponsored by Yorkville America Digital, will be traded on NYSE Arca and primarily hold Bitcoin through a custodian. Investors can buy shares reflecting Bitcoin prices, but risks include potential loss of assets, cyber threats, and environmental concerns. Donald Trump Jr. also disclosed a Bitcoin treasury with substantial funds during a recent conference interview, indicating a strong commitment to cryptocurrency.
"Shares will be offered to the public from time to time at varying prices that will reflect the price of bitcoin and the trading price of the Shares on New York Stock Exchange Arca, Inc. at the time of the offer."
"The assets of the Trust consist primarily of bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of bitcoin."
Collection
[
|
...
]