Trump-Aligned Truth Social Moves Into Bitcoin ETF Arena
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In a significant crypto market development, NYSE Arca has filed for a Bitcoin ETF tied to Donald Trump’s Truth Social platform.
The filing comes from the same parent company that recently established Truth.Fi with authorization to invest hundreds of millions in cryptocurrency assets.
The proposed ETF, sponsored by Yorkville America Digital (described as an “America-first” firm), represents another intersection of conservative politics and cryptocurrency adoption.
With $700 million in available reserves, Trump Media appears to be making a serious play for influence in both social media and digital asset markets as the 2024 election approaches.
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