#TruthSocialCryptoBlueChipETF
Truth Social, backed by Donald Trump, has filed an S-1 registration statement with the US Securities and Exchange Commission (SEC) to launch the Truth Social Crypto Blue Chip ETF. This exchange-traded fund will track the performance of five major cryptocurrencies:
- *Cryptocurrency Allocations:*
- *Bitcoin (BTC)*: 70% of the fund's assets
- *Ethereum (ETH)*: 15% of the fund's assets
- *Solana (SOL)*: 8% of the fund's assets
- *Cronos (CRO)*: 5% of the fund's assets
- *XRP (XRP)*: 2% of the fund's assets
The ETF will be listed on the NYSE Arca exchange, pending SEC approval, and will issue shares in creation units of 10,000. Foris DAX Inc., an affiliate of Crypto.com, will serve as the fund's custodian and liquidity provider, while CF Benchmarks will provide daily reference prices for the underlying cryptocurrencies ¹ ².
This move is part of Truth Social's broader strategy to integrate its digital asset offerings into the "America First" brand ecosystem. The company has also filed for spot Bitcoin and Ethereum ETFs, reflecting its efforts to expand its presence in the cryptocurrency market ¹.
