Trump and Truth Social submit application for "Crypto Blue-Chip ETF" investing in BTC, ETH, SOL, XRP, CRO
Trump Media & Technology Group (the parent company of the Truth Social social network) has officially submitted an application for a new ETF called "Crypto Blue-Chip ETF" to the U.S. Securities and Exchange Commission (SEC).
This ETF will invest in leading digital assets with the following proportions:
Bitcoin (70%)
Ethereum (15%)
Solana (8%)
Cronos/CRO (5%)
XRP (2%)
The fund will be rebalanced quarterly to maintain the investment proportions, and if approved, will be listed on the NYSE Arca. The custodian is Foris DAX Inc. (part of Crypto.com).
This is a move to expand Trump Media's digital investment product portfolio, instead of just focusing on BTC and ETH as before.
💡 If approved by the SEC:
This will be one of the first ETFs focused on a basket of blue-chip coins, rather than just Bitcoin or Ethereum like current ETFs.
This move marks Trump Media's serious and direct participation in the crypto market, especially in the context of former President Trump continuously making supportive statements about crypto recently.
This ETF will provide traditional investors with additional tools to access many strong coins without needing to buy directly on exchanges.
The potential for a price increase effect on the coins in the portfolio is very high if the ETF is approved, especially with Solana, CRO, and XRP – assets that do not yet have separate ETFs.
