The company Trump Media and Technology Group Corp. has submitted an application to the U.S. Securities and Exchange Commission (SEC) for the registration of a new spot ETF. The fund will invest in a basket of crypto assets, including altcoins.

The product is called Truth Social Crypto Blue Chip ETF. It is worth noting that the term 'blue chips' is often used in relation to the most popular and largest assets by market capitalization.

The fund is sponsored by Yorkville America Digital, with the custodian being Foris DAX Trust Company. ETF shares will be traded on the NYSE Arca exchange if the SEC approves it.

According to the prospectus, the structure of the fund is as follows:

$BTC — 70%;

$ETH — 15%;

$SOL — 8%;

Cronos — 5%;

XRP — 2%.