Donald Trump’s Truth Social has taken a significant step into the world of digital finance by registering a new crypto trust in Nevada. This move marks a strategic expansion beyond social media and signals an interest in investing in cryptocurrency products. The company intends to launch a Bitcoin ETF through its newly registered trust, partnering with Crypto.com for custody and trading while Yorkville America Digital will act as the sponsor. 📰 The proposed fund would directly hold bitcoin instead of using futures contracts, aiming to closely track the cryptocurrency’s actual market value. 📈 Trump Media has submitted an S-1 form to the SEC outlining its plans, along with a Form 19b-4 request from NYSE Arca for listing approval. The ETF will require regulatory approval before it can launch. Trump Media will continue to operate its social media platform and related ventures under the Truth Social brand. The move positions the company at the heart of ongoing debates surrounding cryptocurrency regulation, while supporters believe this foray could increase accessibility to bitcoin investments.