Truth Social files for a diversified crypto ETF: BTC, ETH, SOL, CRO, and XRP

Truth Social, the social media platform of Trump Media & Technology Group, has submitted an S-1 filing to the SEC to establish a new ETF called "Crypto Blue Chip ETF." The fund is expected to invest in Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and $XRP (2%).

Expanding strategy and partners

The fund's assets will be custodied by Foris DAX Trust Company and funded by Yorkville America Digital. These are partners who, along with #TruthSocial , filed for the Bitcoin ETF and mixed Bitcoin-Ethereum ETF in June. Trump Media has also received approval to raise $2.5 billion, demonstrating a significant ambition to invest in Bitcoin and expand its influence in the digital asset ecosystem.

Market context and expectations

This move comes as the Trump administration holds a crypto-friendly stance, and many other large companies like Bitwise, Grayscale, and Franklin Templeton are also waiting for SEC approval for altcoin ETF products. Experts forecast that the approval rate for altcoin ETFs in 2025 will reach 90% or higher, with the majority of approvals expected by October-November this year.