NYSE Arca, which is a part of the New York Inventory Change, has filed paperwork with the Securities and Change Fee (SEC) to launch a fund issued by U.S. President Donald Trump’s media firm Fact Social.

On Tuesday, the change filed a 19b-4 doc with the SEC for a fund that will observe the worth of bitcoin

, just like the already current spot bitcoin exchange-traded funds (ETFs).

The submitting was made on behalf of crypto asset supervisor Yorkville America Digital, which is a accomplice of Trump Media & Know-how Group, the proprietor of Fact Social.

The custodian for the fund, if accepted, could be Foris DAX Belief Firm, which additionally serves because the custodian for Crypto.com’s belongings.

A 19b-4 submitting is required to be filed by self-regulatory organizations (SROs) to suggest a rule change. A second doc by the issuer, known as the S-1, can also be required to make the proposal official.

The fund would commerce beneath the title Fact Social Bitcoin ETF, based on the submitting.