Brief
- Yorkville America Digital has made a request for an ETF of Bitcoin social truth.
- The deposit with the SEC comes only two days after Nyse has requested a change of rule which would allow the fund list.
- Yorkville recorded the fund as a commercial trust in Nevada.
The issuer of Truth Social Bitcoin Etf presented a request for funds at the Securities and Exchange Commission on Thursday.
THE S-1 recording statement arrived Two days later The New York Arca Stock Exchange submitted a 19B-4 Rules Change To list the negotiated stock market fund.
Yorkville America Digital will manage the fund, if it obtains approval. It is the same company through which the Trump Media & Technology Group and Crypto.com Plan to make your debut A series of “America First” funds.
The other proposed funds include America First Bitcoin Fund (AFBF), America First Blockchain Leaders Fund (AFBLF) and America Firstcoin Fund Fund. But social truth Bitcoin ETF is the only one with an S-1 recording, so far.
Yorkville recorded the fund as a Trust of Nevada Affairs and would offer actions representing the fractional property of its Bitcoin. The vast majority of ETFs deposit as a statutory trust in Delaware, which means that there is a mine of precedents and jurisprudence as a railing.
Yorkville America Digital did not immediately respond to a request for comments from Decipher.
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The folder indicates that the fund will use Foris Dax Trust Company as a Bitcoin goalkeeper. The only other fund listening to the company as a goalkeeper is not yet approved Canari’s bite Etf CROWho deposited his own S-1 a week ago.
The goalkeeper marks an existing Bitcoin Spot ETF, like Ishares Bitcoin Trust and the Fidelity Bitcoin Trust, which use Coinbase police custody and digital active ingredients to protect their BTC.
The S-1 does not register the companies or the names of its cash guard, its transfer agent or his trust administrator. And as the deposit is only a prospectus, it does not lists a ticker.
Another Crypto Trump project
Trump and his affiliated companies have built a large portfolio of crypto projects –to the chagrin of democratic legislators.
His first crypto projects were the NFT collections. In 2022, Trump made his debut Its first NFT collection. Which was followed by two more Collections in 2023and another in August 2024 While he campaigned for his duties.
Maybe the best known project was the Trump’s official corner even. He launched Just days before THE Second inauguration of the president. The president organized a crypto gala for the best carriers of his meme coin, who shot demonstrations. The registrants and the participants have since been broadcast “Historical collection article”NFTS.
But even before the president was re -elected, Trump was linked to the start of World Liberty Financial. The project has since introduced a WLFI governance token And USD1 Stablecoin. The sons of the president, Eric and Donald Jr., were more closely linked to the project than their father. Regarding things, the Trump family has a 60% participation in World Liberty Financial through their company DT Marks Defi LLC, according to Reuters.
Edited by James Rubin
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