Trump Enters Bitcoin ETF Race with Truth Social Fund Filing

Former President Donald Trump is pursuing a new venture in the crypto space, seeking to launch a Truth Social Bitcoin ETF. This move comes as part of his ongoing expansion into digital assets and follows a series of high-profile controversies surrounding his involvement in cryptocurrencies. The proposed exchange-traded fund, filed by NYSE Arca on behalf of Yorkville America Digital, aims to track the price performance of Bitcoin. If approved, this Truth Social Bitcoin ETF would mark a significant step for Trump’s growing crypto portfolio, which already includes meme coins, NFTs, and a mining venture. The filing remains silent on details like fees or ticker symbol, but NYSE Arca noted that it intends to reflect Bitcoin’s price movements before deducting trust expenses.