Key Takeaways
- • Yorkville America launched the MANGOS Plus Index ETF (ticker: FRUT), a rules-based AI infrastructure and platform-focused fund, marking a strategic pivot away from cryptocurrency products.
- • The firm withdrew SEC filings for Truth Social Bitcoin and Ether ETFs (weighted 60% Bitcoin / 40% Ethereum) and a Truth Social Cronos Yield Maximizer ETF after the digital-asset products gained minimal market traction.
- • FRUT positions itself as a "single-ticket expression" of AI hardware and platform exposure, consolidating chipmakers and AI infrastructure companies into one product with a 0.50% expense ratio.
- • Yorkville America, previously serving as investment advisor to Truth Social Funds (the ETF arm of Trump Media & Technology Group), has filed to launch approximately a dozen additional ETFs spanning digital economy, macro, and other thematic strategies in coming weeks.
Summary
Yorkville America has announced the launch of an artificial intelligence-focused ETF called the MANGOS Plus Index ETF, trading under the ticker FRUT, signaling a decisive departure from cryptocurrency products that failed to gain market acceptance. The fund is structured around AI hardware and platform infrastructure, offering investors consolidated exposure to chipmakers and AI-related companies through a single security, according to the firm's announcement.
The strategic reorientation follows the company's experience as investment advisor to Truth Social Funds, the ETF subsidiary of Trump Media & Technology Group. In February 2026, TMTG filed with the SEC to launch two cryptocurrency-focused funds: the Truth Social Bitcoin and Ether ETF, weighted approximately 60% to Bitcoin and 40% to Ethereum, and a companion Truth Social Cronos Yield Maximizer ETF tracking the CRO token linked to Crypto.com. Both products were structured to distribute staking rewards to shareholders, with Crypto.com designated as custodian and liquidity provider. Despite these features, the digital-asset offerings attracted minimal investor interest, prompting their withdrawal from regulatory consideration.
FRUT represents Yorkville America's pivot toward thematic equity exposure, with the fund structured as a rules-based index tracking AI platforms and infrastructure companies. The fund carries a 0.50% expense ratio. The timing of the launch coincides with broader institutional interest in AI-related equities and infrastructure plays, positioning the firm to capture demand from investors seeking concentrated AI exposure without managing individual holdings across multiple chipmakers and platform providers.
Beyond FRUT, Yorkville America has filed SEC paperwork to launch approximately a dozen additional ETFs in the coming months, spanning digital economy, macro-focused, and other thematic strategies. The company is also pursuing an acquisition focused on separately managed accounts (SMAs), indicating ambitions to expand its asset management platform beyond passive index-based ETFs into active and customized portfolio solutions.
The strategic reorientation follows the company's experience as investment advisor to Truth Social Funds, the ETF subsidiary of Trump Media & Technology Group. In February 2026, TMTG filed with the SEC to launch two cryptocurrency-focused funds: the Truth Social Bitcoin and Ether ETF, weighted approximately 60% to Bitcoin and 40% to Ethereum, and a companion Truth Social Cronos Yield Maximizer ETF tracking the CRO token linked to Crypto.com. Both products were structured to distribute staking rewards to shareholders, with Crypto.com designated as custodian and liquidity provider. Despite these features, the digital-asset offerings attracted minimal investor interest, prompting their withdrawal from regulatory consideration.
FRUT represents Yorkville America's pivot toward thematic equity exposure, with the fund structured as a rules-based index tracking AI platforms and infrastructure companies. The fund carries a 0.50% expense ratio. The timing of the launch coincides with broader institutional interest in AI-related equities and infrastructure plays, positioning the firm to capture demand from investors seeking concentrated AI exposure without managing individual holdings across multiple chipmakers and platform providers.
Beyond FRUT, Yorkville America has filed SEC paperwork to launch approximately a dozen additional ETFs in the coming months, spanning digital economy, macro-focused, and other thematic strategies. The company is also pursuing an acquisition focused on separately managed accounts (SMAs), indicating ambitions to expand its asset management platform beyond passive index-based ETFs into active and customized portfolio solutions.
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