stevenxz
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Bullish
Everything depends on the SEC 🚀📈💯
Trump Media and Technology Group Corp (TMTG), a platform linked to U.S. President Donald Trump, took a new step this Tuesday in the pursuit of approval for its own cryptocurrency #ETFs .
The company, which is behind the social network Truth Social, filed an S-1 form with the Securities and Exchange Commission (SEC) for the launch of the ETF called Truth Social Crypto Blue Chip, a financial product that would combine exposure to bitcoin ($BTC ), ether ($ETH ), solana ($SOL ), and XRP.
The fund was registered on June 16, 2025, under the laws of Nevada, with the goal of managing a portfolio of digital assets through shares representing indivisible fractions of them. The assets of the fund will be custodied by a third party specialized in digital assets.
According to the filing, the initial allocation ratio establishes that approximately 70% of the portfolio will be composed of BTC, 15% of ETH, 8% of SOL, 5% of CRO, and 2% of XRP.
The proposal, which is still pending approval by the SEC, could pave the way for greater legitimization of digital assets within the traditional market. The SEC has the authority to approve or reject the creation of this ETF, marking a crucial step in the integration of cryptocurrencies into traditional investment vehicles.
The fund's sponsor is Yorkville America Digital, a firm specialized in investment products in the digital asset sector, while the liquidity provider will be the exchange Crypto.com. Both parties, along with TMTG, have signed cooperation agreements to promote the fund
#BinanceTurns8 #SECETFApproval #TruthSocialCryptoBlueChipETF #binancealert
Trump Media and Technology Group Corp (TMTG), a platform linked to U.S. President Donald Trump, took a new step this Tuesday in the pursuit of approval for its own cryptocurrency #ETFs .
The company, which is behind the social network Truth Social, filed an S-1 form with the Securities and Exchange Commission (SEC) for the launch of the ETF called Truth Social Crypto Blue Chip, a financial product that would combine exposure to bitcoin ($BTC ), ether ($ETH ), solana ($SOL ), and XRP.
The fund was registered on June 16, 2025, under the laws of Nevada, with the goal of managing a portfolio of digital assets through shares representing indivisible fractions of them. The assets of the fund will be custodied by a third party specialized in digital assets.
According to the filing, the initial allocation ratio establishes that approximately 70% of the portfolio will be composed of BTC, 15% of ETH, 8% of SOL, 5% of CRO, and 2% of XRP.
The proposal, which is still pending approval by the SEC, could pave the way for greater legitimization of digital assets within the traditional market. The SEC has the authority to approve or reject the creation of this ETF, marking a crucial step in the integration of cryptocurrencies into traditional investment vehicles.
The fund's sponsor is Yorkville America Digital, a firm specialized in investment products in the digital asset sector, while the liquidity provider will be the exchange Crypto.com. Both parties, along with TMTG, have signed cooperation agreements to promote the fund
#BinanceTurns8 #SECETFApproval #TruthSocialCryptoBlueChipETF #binancealert
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