Truth Social’s latest ETF filing expands its crypto reach with a balanced portfolio of BTC, ETH, SOL, CRO, and XRP under SEC review.
Trump Media partners with Crypto.com and Yorkville to build American-branded ETFs while Cronos reissues CRO to support fund goals.
The ETF avoids staking and airdrop risks, relies on NYSE Arca for listing, and benefits from friendlier SEC leadership under Trump.
Truth Social, the media arm of Trump Media & Technology Group, has filed for a new crypto-based exchange-traded fund. The latest S-1 registration with the U.S. Securities and Exchange Commission outlines a “Crypto Blue Chip ETF” targeting Bitcoin, Ethereum, Solana, Ripple, and Cronos. If approved, this marks another step in Trump Media’s aggressive push into digital assets. The fund’s assets will consist primarily of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% Ripple.
Besides this ETF, Truth Social previously applied for two others — a spot Bitcoin ETF and a dual Bitcoin-Ether ETF. All filings are sponsored by Yorkville America Digital and supported by Foris DAX Trust Company, the crypto custodian for the assets. The new ETF will trade on the NYSE Arca, pending regulatory approval.
Crypto.com, Cronos, and a Strategic Realignment
Earlier this year, Trump Media inked a deal with Crypto.com and Yorkville America Digital to co-develop crypto ETFs with a Made in America theme. Significantly, Cronos reissued 70 billion CRO tokens in March, worth $6.9 billion, to align with ETF goals. The move sparked criticism due to the tokens being previously burned in 2021. However, the strategy signals how far firms are willing to go to fit into this new ETF wave.
Moreover, the ETF’s structure will not allow staking rewards. It will also abandon any claims from forks or airdrops. This conservative design aims to reduce operational and legal risk. The trust classifies itself as an “emerging growth company,” meaning it will enjoy lighter reporting obligations during its early years.
SEC Review Under Pro-Crypto Administration
The SEC recently acknowledged Truth Social’s filing for its dual Bitcoin-Ether ETF, officially launching the review process. The agency’s new leadership, under the pro-crypto Trump administration, appears more open to blockchain-based financial products. Other firms like Bitwise, Franklin Templeton, and Grayscale are also awaiting ETF decisions.
Anchorage Digital Bank NA will manage the cash portion, while CF Benchmarks will publish daily asset pricing. Quarterly rebalancing will keep fund allocations in line. Additionally, the only recurring charge is a sponsor’s fee based on net asset value.
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