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🚀 Trump Media & Technology Group Files for “Crypto Blue Chip ETF”
The firm behind Truth Social has submitted a proposal to the U.S. SEC for a cryptocurrency-focused ETF, dubbed the Crypto Blue Chip ETF .
The fund would allocate its holdings as follows:
70% Bitcoin
15% Ethereum
8% Solana
5% Ripple’s XRP
2% CRO (Crypto.com’s token), which would also act as the ETF’s custodian .
Background & Context:
This filing replaces or expands upon an earlier ETF plan that only included Bitcoin and Ethereum. The status of that earlier proposal remains unclear .
Under the Trump administration, the SEC has eased regulations around crypto ETFs—reducing enforcement activities and introducing new guidelines—positioning the U.S. as a more crypto-friendly environment .
Motivations & Controversy:
Donald Trump, who previously criticized Bitcoin, is now leaning heavily into crypto—reportedly receiving sizable political donations from Ripple and other crypto interests .
Critics argue this marks a conflict of interest, suggesting Trump is using regulatory sway to benefit ventures tied to his network. Some crypto insiders worry these political connections could undermine industry credibility .
Trump has downplayed these concerns, asserting that if the U.S. didn’t lead in crypto innovation, “China would,” and claiming credit for ushering in a new era of domestic crypto leadership .
In short: Trump’s media arm is pushing into crypto by proposing a diversified “blue-chip” crypto ETF amid a looser regulatory climate, though critics see political motives underlying the move.
