US President Trump’s Social Media Agency to Launch a Bitcoin ETF
NYSE Arca, a part of the New York Inventory Alternate, yesterday (Tuesday) filed with the Securities and Alternate Fee (SEC) for approval to launch an exchange-traded fund (ETF) that tracks the value of Bitcoin, proposed by Reality Social, the social media firm backed by US President Donald Trump.
Reality Social Bitcoin ETF
The change submitted the regulatory submitting on behalf of crypto asset supervisor Yorkville America Digital, a associate of Trump Media & Know-how Group (TMTG), the proprietor of Reality Social.
If authorised, the fund would commerce beneath the title Reality Social Bitcoin ETF, and its custodian can be Foris DAX Belief Firm, which additionally offers related companies for Crypto.com’s belongings.
JUST IN: 🇺🇸 President Trump’s Reality Social filed for a Bitcoin ETF 🚀 pic.twitter.com/txxMqKJytu
— Bitcoin Journal (@BitcoinMagazine) June 3, 2025
The submitting submitted yesterday was a 19b-4 type, which seeks regulatory approval for introducing new merchandise or amending present guidelines. For the ETF to be traded, the SEC should additionally approve S-1 kinds filed by Reality Social, the possible issuer of the instrument.
The S-1 registration kinds include detailed details about new securities to be supplied to the general public. For ETFs, these embrace the fund’s construction, administration, and funding technique, together with data on how the fund tracks the efficiency of the underlying belongings. The SEC makes use of these kinds to evaluate the danger and transparency of such funds.
Bitcoin ETFs Are Common
The SEC first authorised Bitcoin ETFs in early 2024, permitting 11 such funds to commerce on US inventory exchanges concurrently. The issuers of those funds embrace main mainstream monetary establishments like BlackRock and Constancy, together with crypto-focused corporations similar to Bitwise and Grayscale.
Just a few months after the Bitcoin ETFs had been authorised, the American regulator additionally authorised Ether ETFs. Now, many corporations are searching for approval for ETFs based mostly on different cryptocurrencies, similar to XRP, Solana, and even Dogecoin.
In the meantime, Reality Social’s curiosity in cryptocurrencies turned evident earlier this 12 months when it utilized to trademark six funding merchandise associated to Bitcoin and different sectors.
This text was written by Arnab Shome at www.financemagnates.com.
