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Trump Media & Technology Group Corp. (Nasdaq, NYSE Texas: $DJT), the operator of the Truth Social platform, streaming service Truth+, and fintech brand Truth.Fi, has filed an initial registration statement with the US Securities and Exchange Commission for the Truth Social Crypto Blue Chip ETF.
According to the filing, the proposed ETF will directly hold a basket of major digital assets, with 70% of its assets allocated to Bitcoin (BTC), 15% to Ether (ETH), 8% to Solana (SOL), 5% to Cronos (CRO), and 2% to Ripple (XRP). The fund aims to reflect the price performance of these cryptocurrencies and, if approved, will offer shares to investors via the NYSE Arca platform.
Crypto.com will act as the exclusive digital asset custodian and prime execution agent for the ETF, as well as provide staking and liquidity services. Yorkville America Digital is the sponsor of the ETF.
The launch of the Truth Social Crypto Blue Chip ETF is subject to the effectiveness of the SEC registration statement and approval of a Form 19b-4 filing. Trump Media has indicated the launch is expected later this year.
This marks the third ETF filing by Trump Media in 2025, following previous proposals for a Bitcoin-only ETF and a dual Bitcoin-Ether ETF. In March, Crypto.com announced a partnership with Trump Media to facilitate the launch of these products.
In May, Trump Media stated its intention to raise $2.5 billion to acquire Bitcoin. The most recent pricing places Bitcoin just below $109,000, Ether above $2,600, Solana at $151, Cronos at $0.10, and XRP at $2.30.
Shares of Trump Media rose nearly 3% following the announcement, though the stock remains down more than 40% for the year.
The SEC recently released new guidelines for crypto ETF issuers as part of the Trump administration’s push to create a more welcoming regulatory environment for digital asset firms. Several enforcement actions against crypto companies have also been dropped or paused since President Trump took office.
Donald Trump - President of United States
President Trump, once a Bitcoin sceptic, has become a vocal supporter of the cryptocurrency industry. Ripple was among the largest donors to his inaugural committee. At a news conference last month, Trump dismissed concerns about his family’s crypto investments, stating: “If we didn’t have it, China would.”
