$ETH
#SECETFApproval Solana, XRP, and Cronos will be among the altcoins featured in Trump Media and Technology Group’s ‘blue chip’ ETF.
Donald Trump’s Truth Social brand firm is expanding its crypto exposure with a new ‘blue chip’ ETF. On Tuesday, July 8, Trump Media and Technology filed an initial registration statement on Form S-1 for a multi-asset crypto ETF.
Pending U.S. Securities and Exchange Commission approval, the fund will include a 70% Bitcoin (BTC) and a 15% Ethereum (ETH) allocation, and will also feature three prominent altcoins. Specifically, it will have an 8% Solana (SOL) allocation, 5% for Cronos (CRO), and 2% in XRP (XRP).
The Truth Social Crypto Blue Chip ETF, B.T., will be structured as a Nevada business trust and issue its shares on the NYSE Arca. Crypto.com, the issuer of Cronos, will act as the digital custodian for the ETF’s assets. It will also serve as the prime execution agent, as well as the staking and liquidity provider