US President Donald Trump's company Truth Social has filed for a new ETF.
Accordingly, Truth Social has applied for a “Crypto Blue Chip ETF.” The new ETF includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL) and Cronos (CRO).
According to information reported by Bloomberg ETF analyst Eric Balchunas, Truth Social, a social media company founded by the US President, has filed an application with the SEC for a cryptocurrency blue-chip ETF that will include Bitcoin, Ethereum, Solana, XRP and CRO.
“A new application has been filed for the Truth Social Crypto Blue Chip ETF, which will be a spot crypto basket that includes Bitcoin, Ethereum, Solana, XRP, and Cronos.
The allocation of the Foundation's assets to Portfolio Assets (allocation ratio) is initially expected to reach percentages close to 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP.
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