$BTC Trump Media Files for 'Crypto Blue Chip' ETF that Holds Bitcoin, Ethereum, Solana, and XRP
Trump Media and Technology Group is seeking to launch another branded crypto ETF for Bitcoin, Ethereum, XRP, and more.
In Brief
Trump Media and Technology Group has filed a registration statement with the SEC for its "Crypto Blue Chip ETF."
The Truth Social Crypto Blue Chip ETF will consist of Bitcoin, Ethereum, Solana, XRP, and Cronos.
TMTG has also taken steps to offer a spot Bitcoin ETF as well as a joint Bitcoin and Ethereum ETF.
Trump Media and Technology Group has requested federal regulators to offer an exchange-traded fund that tracks the prices of Bitcoin, Ethereum, Solana, Cronos, and XRP, the fintech firm said Tuesday in a statement.
The Truth Social Crypto Blue Chip ETF will be composed of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP, according to an S-1 registration statement filed last Thursday with the U.S. Securities and Exchange Commission.
The filing highlights another crypto-based fund that could begin trading in the coming months from Trump Media, a publicly traded company co-founded by U.S. President Donald Trump. The firm had already submitted applications for two other crypto ETFs: one focused on Bitcoin and the other split between Bitcoin and Ethereum, with a holdings ratio of 75% BTC and 25% ETH.
Shares of Trump Media and Technology Group are trading at $19.12 at the time of writing, a rise of approximately 2% in the last 24 hours.