Truth Social, the media venture linked to U.S. President Donald Trump, has taken a bold step into the digital asset space with a fresh filing for a spot cryptocurrency exchange-traded fund (ETF).
The proposed product, called the Truth Social Crypto Blue Chip ETF, aims to track a portfolio of leading cryptocurrencies and offer direct market exposure through a regulated investment vehicle.
The ETF filing, submitted to the U.S. Securities and Exchange Commission (SEC) on July 8, outlines a passive fund composition with an allocation of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP. It would be listed on NYSE Arca, pending regulatory approval, though the official trading symbol has yet to be revealed.
Designed as a non-leveraged, passive investment vehicle, the Truth Social ETF would avoid complex trading strategies or derivatives. Instead, it will directly track the market value of the underlying crypto assets and participate in staking rewards where applicable—specifically for Ethereum, Solana, and Cronos. This staking element is intended to enhance yield generation while preserving transparency.
The fund’s assets will be securely held by Foris DAX Trust Company, the institutional arm of Crypto.com, serving as the ETF’s primary custodian.
If approved, the Truth Social Crypto Blue Chip ETF would place the Trump-affiliated platform among a small but growing list of entities offering diversified crypto exposure through traditional financial channels. It also underscores a broader trend of political and institutional actors moving deeper into the digital asset ecosystem.
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Ethereum (ETH) has gone up by 1% in the past 24 hours and trading volumes have increased by 12% after news that Donald Trump’s media company has filed an application to list a crypto exchange-traded fund (ETF). The top altcoin is included in the prospectus with a target 15% weight on the ETF’s portfolio. This […]
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