TRUMP MEDIA WANTS TO LAUNCH ETF TRACKING MANY CRYPTO COINS
Trump Media's Truth Social has just filed an S-1 with the SEC to seek permission to issue an ETF based on blue-chip crypto coins (high market cap).
The fund is named “Truth Social Crypto Blue Chip ETF” and will track assets such as Bitcoin, Ethereum, Solana, Cronos, and XRP.
The expected allocation is as follows:
70% BTC
15% ETH
8% SOL
5% CRO
2% XRP
The fund will be listed on the NYSE Arca after being approved by regulators.
According to ChainCatcher, the BONK community announced it is about to reach an important milestone of 1 million BONK holders, currently, there are 949,892 holders.
When the number of holders reaches 1 million, 1 trillion BONK tokens, worth approximately 22.81 million USD, will be burned.