B4Bit
06/16 16:49

According to Bloomberg ETF analyst James Seyffart, Truth Social has officially submitted a Form S-1 filing to the U.S. Securities and Exchange Commission (SEC) on June 16.
The filing outlines plans to launch a new exchange-traded fund (ETF) that would provide investors with exposure to both Bitcoin (BTC) and Ethereum (ETH). The ETF is expected to trade under the ticker symbol B.T.
The fund is sponsored by Yorkville America Digital, LLC, a digital asset firm headquartered in Mountainside, New Jersey. According to the filing, the ETF will offer a combined allocation of 75% to Bitcoin and 25% to Ethereum. If approved, the product will be listed on the NYSE Arca exchange.
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