#Trump Media Files for 'Crypto Blue Chip' ETF Holding Bitcoin, Ethereum, Solana and XRP
Trump Media and Technology Group is looking to launch another Truth Social-branded crypto ETF for Bitcoin, Ethereum, XRP, and more.
In brief
Trump Media and Technology Group has filed a registration statement with the SEC for its "Crypto Blue Chip ETF."
The Truth Social Crypto Blue Chip ETF will be composed of Bitcoin, Ethereum, Solana, XRP, and Cronos.
TMTG has also made moves to offer a spot Bitcoin ETF as well as a joint Bitcoin and Ethereum ETF.
Trump Media and Technology Group has applied with federal regulators to offer an exchange-traded fund tracking the prices of Bitcoin, Ethereum, Solana, Cronos, and XRP, the fintech firm said Tuesday in a statement.
The Truth Social Crypto Blue Chip ETF will be composed of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP, according to an S-1 registration statement filed last Thursday with the U.S. Securities Exchange Commission.
The filing calls attention to yet another crypto-based fund that could begin trading in the coming months from Trump Media, a publicly traded company co-founded by U.S. President Donald Trump. The firm previously filed for two other crypto ETFs: one focused on Bitcoin, and the other split between Bitcoin and Ethereum—with a holdings ratio of 75% BTC and 25% ETH.
Trump Media and Technology Group shares are trading at $19.12 as of writing time, up roughly 2% in the past 24 hours.
