Trump’s Truth Social ETF Manager Is Betting Big on AI, Crypto and New ETFs

The firm that manages President Donald Trump’s Truth Social ETFs is trying to transition into a broader asset-management platform with a new deal, an AI-focused launch and roughly a dozen ETFs in the pipeline.

Yorkville America is close to acquiring an institutional asset manager focused primarily on separately managed accounts. CEO Steve Neamtz told Reuters that the transaction is expected to close in September.

The expansion is already taking shape. Yorkville launched the Yorkville America MANGOS Plus Index ETF (NYSE:FRUT) on Monday, making it the firm’s first ETF outside the Truth Social brand. The fund combines AI platform companies with the semiconductor and hardware companies that support the technology buildout.

AI Is The Bridge To The Next Phase

FRUT is built around the MANGOS group of Meta Platforms, Inc (NASDAQ:META), Alphabet Inc (NASDAQ:GOOGL), Nvidia Corp (NASDAQ:NVDA), SpaceX (NASDAQ:SPCX), Anthropic and OpenAI, while adding companies positioned to benefit from AI infrastructure spending.

That broader approach is important because Yorkville is not simply betting on the biggest AI stocks. Its filings show a growing focus on the picks-and-shovels side of the AI boom, including memory. The firm has already registered the Yorkville America Next Generation Memory ETF, while its MANGOS strategy includes names such as Micron Technology, Inc (NASDAQ:MU) and SanDisk Corp (NASDAQ:SNDK).