Summary
Yorkville America Equities LLC, the adviser behind five recently launched Truth Social-branded ETFs oriented around U.S. President Donald Trump’s "America First" thesis, said it intends to acquire the Point Bridge America First ETF. The proposed purchase has received approval from Truth Social trustees and follows a prior January agreement in which Yorkville reached terms to acquire the God Bless America ETF.
Details of the planned transactions
The firm framed the Point Bridge America First ETF acquisition as a continuation of a strategy to consolidate funds that share a similar values-aligned investment approach. In a statement Yorkville said the transaction will enable it to expand "its values-aligned product suite while leveraging an established fund with a defined investor base and track record."
These two transactions, taken together, will lift the asset base available to the Truth Social ETF franchise. The five newly launched Truth Social ETFs currently hold less than $50 million in combined assets. The God Bless America ETF would add approximately $101 million of assets, while the Point Bridge America First ETF would contribute about $32 million, according to the firm.
Timing and approvals
Yorkville said both the God Bless America and Point Bridge America First ETF transactions are expected to close in the second quarter of 2026. The proposed acquisition of the Point Bridge fund has been approved by Truth Social trustees; additional approvals and customary closing conditions were not detailed in the announcement.
Implications for the franchise
The purchases represent a near-term path to scale for Yorkville’s Truth Social-branded product lineup by combining newly launched ETFs with established funds that already have investor bases and operating histories. The firm described the deals as a means to leverage that existing footprint while broadening its suite of values-oriented offerings.
Key points
- Yorkville plans to acquire the Point Bridge America First ETF; the move has been approved by Truth Social trustees.
- This follows Yorkville's January agreement to buy the God Bless America ETF; both transactions are expected to close in Q2 2026.
- The deals would boost assets for the Truth Social ETF franchise - the five new ETFs currently have under $50 million; the two acquisitions would add roughly $101 million and $32 million respectively.
Risks and uncertainties
- Both transactions remain subject to customary closing conditions and timing - sectors affected include fund management and retail ETF distribution.
- Integration of acquired funds into a newly launched franchise could present operational and distribution challenges for asset managers and service providers supporting ETFs.
Conclusion
The planned purchases mark a second, closely timed expansion move by Yorkville into politically themed ETF products that align with the "America First" narrative. If completed in Q2 2026 as expected, the transactions would materially increase the asset base available to the Truth Social-branded ETFs and provide Yorkville with funds that have pre-existing investor support and track records.