The social media platform of US President Donald Trump, Truth Social, has submitted the S-1 form to the American Securities and Stock Exchange Commission to launch a double exchange fund (ETF) for Bitcoin and Ether.
Folded on Monday, S-1 form proposes Publishing and trading of the Truth Bitcoin Social Bitcoin and ETFEUM ETF, sponsored by the Yorkville Americ Digital company management company.
Trust strives to provide investors of exhibitions both on Bitcoin (BTC) and Ether (ETH), offering actions supported by cryptographic assets, removing the complexity resulting from direct investments.
Actions are supported by BTC and ETH owned by the guardian on behalf of Trust, Foris Dax Trust Company, conducting activities as Crypto.comThe prospectus reads.
Ticker and Custodian to disclose
According to the notification, it was suggested that ETF shares are listed in the Fresh York ARCA Securities Exchange (Nyse Arca).
Although Truth Social officially determined that Crypto.com will be a dedicated provider of cryptographic care, the company is still to finalize the details of the upcoming ETF, such as Ticker Fund and its cash carer.
Truth Social also mentioned that he is planning to make an amendment later with a summary of the terms of the contract of the Crypto.com Contracting Agency.
SEC approves the registration of the Bitcoin Trump Media Bitcoin treasury
The report of the Bitcoin Social Bitcoin and ETF ETF truth is in accordance with the approval of the Trump Media and Technology Group agreement 2.3 billion dollars of Sec Bitcoin transactions by SEC on Friday.
In the statement, the company stated that there are currently no “direct plans” to issue any securities on the basis of a contract.
TMTG earlier confirmed the capital enhance of $ 2.5 billion for the purchase of Bitcoin at the end of May, after the initial rejection of such reports.
Coinshares files for Solana Spot ETF
Truth Social’s Bitcoin and ETF ETF came up on the same day as the fresh S-1 application by Coinshares, which proposed ETF Solana edition (SOL).
Already operating The rotary product (ETP) called Coinshares Physical Solana has set the ECT in Europe, Coinshares is now trying to launch a similar ETF product in the USA.
According to the ETF Bloomberg’s senior analyst, Eric Balchunas now exists up to eight Solana Spot reports into account.
From Friday, seven issuers have made the initial S-1 registration declarations for ETF Solana Spot, including Fidelity Investments, 21shares, Franklin Templeton, investments in gray scale, bit investments, Canary Capital and Vaneck.
According to ETF Bloomberg analyst James Seyffart, the approval of ETF Solana is unlikely to take place this week.
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