NYSE Arca on Tuesday submitted a Form 19b-4 filing to the U.S. Securities and Exchange Commission (SEC), seeking regulatory approval to list the Truth Social Bitcoin ETF.
Spot bitcoin ETFs have surged in popularity since their debut in January 2024, attracting billions in investor inflows as market participants look for regulated and liquid exposure to bitcoin.
In February, the Trump Media & Technology Group (TMTG)—the parent company of Truth Social—filed trademark applications for six investment products, including offerings tied to bitcoin, as well as the U.S. manufacturing and energy sectors.
Donald Trump, President of the United States, remains the majority owner of TMTG, which operates the Truth Social platform.
The Form 19b-4 filing is a standard requirement for exchanges like NYSE Arca to propose rule changes or list new financial products. It's a critical procedural step before a fund can be formally listed and traded on a public exchange.
According to the proposal, the Truth Social Bitcoin ETF aims to track the performance of bitcoin, and has been “designed to remove the obstacles represented by the complexities and operational burdens involved in a direct investment in bitcoin.”
As of now, bitcoin is up 12.7% year-to-date, trading above $105,000.
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