Trump Media Company files for Bitcoin ETF, plans to list on NYSE
According to a report by Jinse Finance, the US-listed company Trump Media & Technology Group (DJT) announced on Thursday local time that it has submitted an S-1 registration document to the US Securities and Exchange Commission for the issuance of the "Truth Social Bitcoin ETF," which will be listed on the NYSE upon completion of the approval process. The announcement states that the ETF will directly hold Bitcoin and issue shares to investors, aiming to reflect the price performance of Bitcoin. Yorkville America Digital will act as the fund sponsor, responsible for regulatory compliance and operational management. Although the S-1 document does not have an approval deadline, the NYSE has already submitted the 19b-4 document for this ETF on Tuesday, and the US SEC needs to make a final approval decision within 240 days. Therefore, conservatively estimated, the Trump family's Bitcoin ETF will be listed before early next year.
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