Trump Media & Technology Group, the company behind the Truth Social platform, has filed an S-1 registration statement with the U.S. Securities and Exchange Commission to launch the “Truth Social Crypto Blue Chip ETF.” The proposed fund would hold a basket of five digital assets—70% Bitcoin, 15% Ether, 8% Solana, 5% Cronos and 2% XRP—and seek to list its shares on NYSE Arca. Yorkville America Digital would sponsor the trust, while Crypto.com’s institutional arm, Foris DAX Trust, is named as custodian and prime execution agent. The Blue Chip filing comes three weeks after Trump Media submitted applications for a spot Bitcoin ETF and for a dual Bitcoin-Ether vehicle, and after NYSE Arca asked regulators on 24 June to change its rules to list those earlier funds. The SEC formally acknowledged the Bitcoin-only proposal on 7 July and has begun reviewing the exchange’s rule-change request. If cleared, the new ETF would be the first U.S. spot crypto fund to offer exposure to Solana, Cronos or XRP, widening a market that has so far centred on Bitcoin and, prospectively, Ether. Spot Bitcoin ETFs introduced in January 2024 have already drawn about $50 billion in assets, spurring a race among issuers to broaden their product lines. Trump Media—whose shares trade under the symbol DJT—has said it intends to build a $2.3 billion Bitcoin treasury and recently authorised a $400 million stock buy-back. The stock rose roughly 2% in early trading following news of the Blue Chip ETF filing.
LATEST: The Truth Social Crypto ETF Goes BlueChip! $XRP $CRO $SOL $ETH and $BTC Listen for the details https://t.co/1W35FLF7ki
ETF News: Truth Social applies for a Crypto Blue Chip ETF (I like the name btw) “As provided for in the Trust Agreement, the allocation ratio is initially expected to approximate percentages by value of 70% bitcoin, 15% ether, 8% SOL, 5% CRO and 2% XRP.” https://t.co/S9BK3E0SLn https://t.co/H0n71Ju7tJ
Trump Media seeks SEC approval for blue-chip crypto ETF https://t.co/ALh10qPIc4 https://t.co/ALh10qPIc4