US Social Media platform Donald Trump, Truth Social, has filed an S-1 form with the US Securities and Exchange Commission to launch a dual funding exchange (ETF) for Bitcoin and Ether.
Filed on Monday, the S-1 form suggests The release and trading of social reality bitcoin and Ethereum ETF, which is sponsored by the asset management firm Yorkville America Digital.
Trust aims to provide investors in exposure to the same Bitcoin (Btc) and ether (Eth) By offering shares supported by crypto assets, the complexity derived from direct investment.
Shares are supported by BTC and ETH held by the caretaker on behalf of Trust, Foris Dax Trust Company, which is doing business as Crypto.comThe prospectus reads.
Ticker and cash custodian to disclose
ETF shares have been proposed listed in the New York Stock Exchange ARCA (NYSE ARCA), according to the filing.
While the fact has officially defined that Crypto.com is the dedicated Crypto’s dedicated provider, the company has yet to finish the details of its upcoming ETF, such as its fund and cash custodian ticker.
Truth Social also noted that it plans to file an amendment later in a summary of the terms of the Crypto.com killing agency.
SEC has approved Trump’s Bitcoin Treasury registration
Filling for the fact that social and Ethereum ETF are following the approved of Trump Media and Technology Group’s $ 2.3 Billion Deal with Bitcoin Treasury of the SEC on Friday.
In the statement, the company said there is currently no “immediate plans” to issue any security under dealings.
Tmtg previously confirmed a $ 2.5 billion increasing capital to buy Bitcoin In late May, after the first was a denial of such reports.
CoinShares files for Solana Spot ETF
The truth of Bitcoin and Ether filing Ether came on the same day as a new S-1 filing of Coinhares, which suggested The release of a solana (Sol) Spot etf.
Na Running A product exchanged by the exchange (ETP) called CoinShares Physical Solana Staked ETP in Europe, Coinshares seeks to launch a similar ETF product in the US.
According to Bloomberg’s Senior Analyst Eric Balchunas, there are now up to eight filings of Solana spots under the SEC.
Like Friday, Seven gave up to be filed Initial S-1 registration statements For Solana Spot ETF, including Fidelity Investments, 21shares, Franklin Templeton, Grayscale investments, bitwise investments, Canary Capital and Vaneck.
According to Bloomberg ETF analyst James Seyffart, a solana ETF approved is unlikely to happen this week.
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