Yorkville America Launches AI ETF After Withdrawing Truth Social Bitcoin Funds

TL;DR

• Yorkville America launched the MANGOS Plus Index ETF, ticker FRUT, shifting toward artificial intelligence after Truth Social withdrew two crypto ETF registrations in May.
• The withdrawn plans included a Bitcoin and Ether ETF weighted roughly 60% Bitcoin and 40% Ethereum, alongside a Cronos-focused yield product.
• Yorkville says a 1940 Act structure offers greater strategic flexibility, while the crowded spot Bitcoin ETF market may also explain the pivot toward AI investing.

Yorkville America has launched the MANGOS Plus Index ETF, ticker FRUT, shifting its product focus toward artificial intelligence after the May withdrawal of two Truth Social crypto ETF registration statements. The fund targets the hardware and platform layers of AI, giving investors what Yorkville describes as a single-ticket way to access the theme. The strategic contrast is hard to miss: a firm recently associated with Bitcoin and Ethereum funds is now emphasizing AI infrastructure instead. Yorkville previously served as investment adviser to Truth Social Funds, the ETF arm of Trump Media & Technology Group.

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