Trump Media Company submits Bitcoin ETF application

On Thursday local time, Trump Media and Technology Group (DJT), a US listed company, announced that it has submitted the S-1 registration documents for the issuance of the "Truth Social Bitcoin ETF" to the US Securities and Exchange Commission. After completing the approval process, it will be listed on the New York Stock Exchange. 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 serve as the fund sponsor, responsible for regulatory compliance and operational management. Although the S-1 document does not have an approval deadline, the New York Stock Exchange submitted the 19b-4 document for this ETF on Tuesday, and the US SEC needs to make a final approval decision within 240 days. So conservatively, it is estimated that the Bitcoin ETF of the Trump family's industry will be listed before early next year.