#SECETFApproval Truth Social is a major part of President Trump’s crypto empire. It has been planning an ETF launch for months. In early June, NYSE Arca filed a 19b-4 to launch a company-branded Bitcoin ETF. Today’s filing takes a broader approach, including several well-known altcoins alongside Bitcoin.
🏦 According to the SEC filing, Truth Social’s new product will primarily be a Bitcoin ETF. It will allocate 70% of its assets to Bitcoin, 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.