Nyse Arca, which is part of the New York Stock Exchange, has filed documents with the Securities and Exchange Commission (SEC) to launch a fund issued by the media company of the American president Donald Trump, Truth Social.
Tuesday, the scholarship filed a 19B-4 document with the SEC for a fund that would follow the Bitcoin price
Similar to Bitcoin funds (ETF) Bitcoin exchangers already existing (ETF).
The file was carried out on behalf of the Crypto asset director, Yorkville America Digital, who is a partner of Trump Media & Technology Group, the owner of Truth Social.
The guardian of the fund, if it is approved, would be to the Dax Trust Company, which also serves as a guardian of the assets of Crypto.com.
A 19B-4 deposit must be deposited by self-regulation organizations (SRO) to propose a change of rule. A second document of the transmitter, called S-1, is also required to make the proposal official.
The fund would be negotiated under the name of Bitcoin ETF social truth, according to the file.
