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Truth Social, under Trump, submitted a Spot Bitcoin ETF application to the SEC.
GateNewsBot
Gate News bot news, NYSE Arca, a subsidiary of the New York Stock Exchange, has submitted a 19b-4 filing to the SEC, planning to launch a fund similar to the existing Spot Bitcoin ETF, issued by Trump’s media company Truth Social - the Truth Social Bitcoin ETF.
This document is submitted by the cryptocurrency asset management company Yorkville America Digital, which is a partner of Truth Social owner Trump Media & Technology Group (.
If approved, the custodian of the fund will be Foris DAX Trust Company.
Self-Regulatory Organization ) SRO ( needs to submit the 19b-4 filing to propose rule changes. The issuer also needs to submit a second document, the S-1 filing, to make the proposal officially effective.
Source: CoinDesk
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