Trump Media’s Truth Social is planning a ‘Crypto Blue Chip’ ETF that includes offers for BTC, ETH, SOL, XRP and CRO.
Apparently, the social media platform has already submitted an S-1 registration statement to the #SEC (US Securities and Exchange Commission), and the preliminary prospectus, describes an initial allocation of "Crypto Blue Chip" as 70% $BTC , 15% $ETH , 8% $SOL , 5% CRO, and 2% XRP.
Similar moves has been reported in the corporate world globally, which contributed to a rally in the crypto space.
Trump Media raised $2.5 billion in cash to invest in Bitcoin and is working to bring crypto-related exchange traded funds, or E.T.F.s, to market.
