Trump Media, physical Bitcoin ETF application

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## "Truth Social Bitcoin ETF" application

On June 4, the NYSE Arca submitted a rule change proposal (application) to the U.S. Securities and Exchange Commission (SEC) regarding the listing and trading of the Truth Social Bitcoin ETF. This fund, managed by Yorkville America Digital LLC, aims to hold Bitcoin primarily stored by Foris DAX Trust Company and to track the spot price of Bitcoin.

This ETF is part of the financial strategy announced by Trump Media & Technology Group (TMTG), which operates President Trump's social media platform "Truth Social," in April. TMTG has reached a final agreement with the cryptocurrency exchange Crypto.com and the asset management company Yorkville America Digital regarding the provision of multiple investment products through the fintech brand "Truth.Fi."

The investment products to be offered will focus on "Made in America" and will consist of cryptocurrency-related stocks, Bitcoin, and altcoins. Crypto.com will provide backend technical support and custody services, and the products are expected to be widely available in international markets, including the United States, Europe, and Asia.

TMTG announced the completion of a private placement aimed at approximately 50 institutional investors last week. $2.32 billion will be allocated to Bitcoin (BTC) reserves and general corporate purposes.

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