Yorkville America Dives into AI Equities with New FRUT ETF

Yorkville America has made a significant move into artificial intelligence (AI) equities by launching its MANGOS Plus Index ETF, listed under ticker FRUT. This marks a departure from the company's previous focus on crypto assets, particularly after it served as an investment advisor for Truth Social's defunct digital-asset funds.

The new AI ETF comes after Yorkville started with Bitcoin baskets and has now shifted its capital towards AI stocks. The move is being viewed as a potential pressure on crypto adoption and funding.