Trump Media & Technology Group filed Tuesday with federal regulators to launch a new exchange-traded fund that would invest in multiple cryptocurrencies, marking the Truth Social parent company’s latest expansion into digital asset investments.
Bloomberg analyst Eric Balchunas reported that the “Truth Social Crypto Blue Chip ETF” would include Bitcoin, Ether, Solana, XRP and Cronos tokens, based on Securities and Exchange Commission filing documents. The proposed fund represents a broader cryptocurrency approach compared to Trump Media’s previous Bitcoin and Ethereum-focused ETF applications.
Florida-based Yorkville America Digital LLC would sponsor the ETF, which aims to allocate approximately 70% to Bitcoin, 15% to Ether, 8% to Solana, 5% to Cronos and 2% to XRP by value, the filing shows.
The development follows growing institutional interest in cryptocurrency ETFs. Last week, the SEC approved Grayscale’s multi-asset crypto ETF, which includes Bitcoin, Ether and smaller positions in XRP, Solana and Cardano.
Trump Media’s filing builds on momentum from its March partnership with Crypto.com, which caused Cronos token values to rise 30% to $0.10. The company announced plans for a Bitcoin ETF in June.
“This represents a major step forward in diversifying TMTG into financial services and digital assets,” Trump Media CEO Devin Nunes said in a statement, emphasizing collaboration with Crypto.com and Yorkville America Digital.
The inclusion of Cronos and XRP marks a departure from established cryptocurrencies like Bitcoin and Ether, which dominate institutional investment. BlackRock’s iShares Bitcoin ETF holds $72.5 billion in assets, while smaller tokens present higher risk and lower liquidity.
Regulatory approval remains uncertain. The SEC recently paused Grayscale’s ETF application, reflecting cautious oversight of funds extending beyond Bitcoin and Ether exposure. No timeline for the Truth Social ETF decision has been announced.
The filing positions Trump Media as a competitor in the expanding ETF market, where established firms like BlackRock lead cryptocurrency investment products. If approved, the fund would offer investors exposure to multiple digital assets through a single regulated vehicle.
Trump Media & Technology Group operates Truth Social, the social media platform launched by former President Donald Trump. The company has pursued various business ventures beyond social media, including recent moves into cryptocurrency investment products.
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