Truth Social Platform’s Parent Company Proposes Blue Chip Crypto ETF

Key Points

1. The proposed ETF is a partnership between Yorkville America Digital, LLC and TMTG, the parent company of Truth Social.

2. The ETF's target allocations are 70% bitcoin, 15% ether, 8% solana, 5% cronos, and 2% XRP.

3. Shares will be issued and redeemed in large blocks of 10,000 or multiples, exclusively by authorized broker-dealers.

4. Foris DAX Trust Company, LLC will serve as the custodian for the ETF's assets.

5. The SEC must approve the registration before the ETF can launch.