Trump Media Company submits Bitcoin ETF application and plans to list on the New York Stock Exchange

According to the Coinnet report, Trump Media & Technology Group (DJT), a US-listed company, announced on Thursday that it had submitted the S-1 registration document for the issuance of the "Truth Social Bitcoin ETF" to the US Securities and Exchange Commission, and it will be listed on the New York Stock Exchange after completing the approval process. The announcement stated that the ETF will directly hold Bitcoin and issue shares to investors to reflect the price performance of Bitcoin. Yorkville America Digital will be the fund sponsor and responsible for regulatory compliance and operational management. Although the S-1 document does not have an approval deadline, the New York Stock Exchange has submitted the 19b-4 document for this ETF on Tuesday, and the US SEC needs to make a final approval decision within 240 days. Therefore, it is conservatively estimated that the Trump family industry's Bitcoin ETF will be listed before the beginning of next year.