PANews reported on June 5 that according to Globenewswire, Trump's social platform Truth Social announced that it has submitted an initial registration statement on Form S-1 for the Truth Social Bitcoin ETF to the U.S. Securities and Exchange Commission. The ETF will directly hold Bitcoin and issue its shares to investors, aiming to reflect the price performance of Bitcoin. Crypto.com will serve as the exclusive Bitcoin custodian, primary execution agent and liquidity provider for the ETF. The launch of the Truth Social Bitcoin ETF is pending the effectiveness of the registration statement and the approval of the Form 19b-4 submitted to the U.S. Securities and Exchange Commission. After listing, its shares will be listed on the New York Stock Exchange Arca. Yorkville America Digital serves as the sponsor of the ETF.