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 worth of Bitcoin, proposed by Reality Social, the social media firm backed by US President Donald Trump.
Reality Social Bitcoin ETF
The alternate submitted the regulatory submitting on behalf of crypto asset supervisor Yorkville America Digital, a companion of Trump Media & Know-how Group (TMTG), the proprietor of Reality Social.
If accepted, the fund would commerce beneath the identify Reality Social Bitcoin ETF, and its custodian can be Foris DAX Belief Firm, which additionally offers comparable providers 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 embody the fund’s construction, administration, and funding technique, together with info 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 accepted Bitcoin ETFs in early 2024, permitting 11 such funds to commerce on US inventory exchanges concurrently. The issuers of those funds embody main mainstream monetary establishments like BlackRock and Constancy, together with crypto-focused corporations akin to Bitwise and Grayscale.
A couple of months after the Bitcoin ETFs have been accepted, the American regulator additionally accepted Ether ETFs. Now, many firms are searching for approval for ETFs primarily based on different cryptocurrencies, akin to XRP, Solana, and even Dogecoin.
In the meantime, Reality Social’s curiosity in cryptocurrencies grew to become 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.
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