Trump Media revolutionizes the market with a Blue Chip ETF that integrates Bitcoin, Ethereum, Solana, XRP, and Others
Truth Social, the social media platform of #TRUMP Media & Technology Group, has taken a bold step in the world of digital assets by filing an S-1 registration statement with the SEC to launch the "Truth Social Crypto Blue Chip ETF"
If this ETF receives SEC approval, its assets will mainly consist of some of the most prominent cryptocurrencies in the market: #bitcoin (BTC), #Ethereum (ETH), #solana (SOL), #Ripple (XRP), and Cronos (CRO).
According to the preliminary prospectus, the proposed initial allocation would be:
70% Bitcoin (BTC)
15% Ethereum (ETH)
8% Solana (SOL)
5% Cronos (CRO)
2% Ripple (XRP)
This is not Truth Social's first foray into the realm of cryptocurrency ETFs. In June, the company had already applied for a spot Bitcoin ETF, quickly followed by a filing for a combined Bitcoin and Ethereum ETF.
As with those previous filings, the "Truth Social Crypto Blue Chip" ETF is sponsored by Yorkville America Digital, with Foris DAX Trust Company acting as its digital asset custodian. If approved, shares of this ETF will trade on the New York Stock Exchange (Arca).