Truth Social ETF asset manager Yorkville America unveils AI ETF after dropping crypto ETFs

Yorkville America has announced the launch of an artificial intelligence ETF called the MANGOS Plus Index ETF (ticker FRUT).

Yorkville previously acted as an investment advisor for Truth Social’s defunct digital-asset funds. The move is now being regarded as a signal of a departure from crypto into AI stocks.

Started with Bitcoin baskets, now a single-ticket AI fund

The new fund will adopt the ticker FRUT and is designed around the hardware aspects of artificial intelligence, Yorkville America announced. The company believes FRUT will serve as a “single-ticket expression” of the platform and hardware aspects of artificial intelligence. This simply means that investors get access to AI infrastructure with one product, as opposed to mixing up different chipmakers and platform names.

The launch becomes more relevant when you realize who is backing it. Yorkville America was an advisor to Truth Social Funds, the ETF branch of Trump Media & Technology Group. This marks a clear shift in emphasis for a firm that has spent the last eighteen months developing crypto products.

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