Trump Media's Truth Social filed for an ETF today (8), following its recent campaign of requests to the SEC. This product mainly focuses on Bitcoin, including other assets like Solana and Cronos.
Altcoin basket ETFs are currently in a legal limbo, as Grayscale's recent request received SEC approval and an unconventional suspension on trading. Truth Social's path to regulated exchanges is still uncertain.
Truth Social, a key piece of President Trump's crypto empire, has been preparing ETF launch plans for several months. In early June, NYSE Arca submitted a Form 19b-4 to launch a Bitcoin ETF under the company's brand.
Today's new filing adopts another basket approach, containing several prominent altcoins in addition to BTC:
New filing for the Truth Social Crypto Blue Chip ETF, which will be a spot crypto basket holding Bitcoin, Ether, Solana, XRP, and Cronos pic.twitter.com/Bs0cEGNbdb
— Eric Balchunas (@EricBalchunas) July 8, 2025
Partnership with Crypto.com may explain the prominence of CRO in Truth Social ETF
According to the SEC document, Truth Social's new product would primarily be a Bitcoin ETF. 70% of its allocation would go to this asset, 15% to ETH, 8% to SOL, 5% to Cronos (CRO), and 2% to XRP. The company recently tried to create a joint BTC/ETH ETF, so this diversification into altcoins is gradually increasing.
At first glance, it seems a bit strange that Cronos occupies such a prominent position in the ETF, more than double the allocation of XRP. Ripple is firmly aligned with the President, and XRP is a much more prominent token than CRO.
However, friction between Trump and Ripple has recently arisen, and Truth Social specifically signed an agreement with Crypto.com to promote altcoin ETFs. Considering these two points, the inclusion of Cronos seems more understandable.
Moreover, the price of CRO rose more than 15% after the news.
Cronos Price Chart. Source: BeInCrypto
However, Truth Social may face some hurdles in bringing another ETF to Trump's crypto empire. Last week, the SEC theoretically approved a basket altcoin ETF but placed a suspension on actual trading immediately afterward.
This product now exists in a legal limbo with no regular approval timelines, and Truth Social may face similar issues.
Meanwhile, the ETF will be structured as a Nevada business trust, a legal setup often used for investment funds. This facilitates the management of the ETF and may help reduce legal and tax complications compared to other types of businesses.
For now, this request reflects Trump's commercial interest in the continued expansion of ETFs. As long as this trend continues, eventual approval seems likely.
The SEC has signaled its willingness to collaborate on new products in various ways, even developing a simplified approval process for altcoin ETF requests.
Trump's Truth Social article requests a blue chip crypto ETF with 5 tokens was first seen on BeInCrypto Brazil.
