Yorkville America is close to acquiring an institutional asset manager focused primarily on separately managed accounts. CEO Steve Neamtz told Reuters the transaction is expected to close in September. The expansion is already taking shape as the firm launched the Yorkville America MANGOS Plus Index ETF, trading under the ticker FRUT, making it the firm's first ETF outside the Truth Social brand. The fund combines AI platform companies with the semiconductor and hardware companies that support the technology buildout, targeting Meta, Alphabet, Nvidia, SpaceX, Anthropic, OpenAI, Micron and SanDisk while using perpetual futures for exposure to the private companies. The broader pipeline spans crypto covered-call products, a digital asset ecosystem ETF, a space ETF and macro funds focused on reindustrialization and currency debasement, bringing the total to roughly a dozen ETFs. This follows the withdrawal of Truth Social's Bitcoin ETF filings, which Yorkville had advised on. The acquisition could matter more than any individual ETF launch if it provides the distribution and institutional capabilities needed to scale, marking the firm's shift from a politically distinctive ETF issuer into a diversified asset manager with AI, crypto and macro as its first vehicles for the transition.