Cronos soars, Solana holds ground, XRP lags amid Truth Social’s ‘Blue Chip’ ETF
2025-07-08 18:22:44
Main Idea
Cronos (CRO) surged 17% following the announcement of Truth Social's Crypto Blue Chip ETF, while Solana (SOL) remained stable and XRP underperformed despite being included in the ETF.
Key Points
1. Truth Social's proposed Crypto Blue Chip ETF includes Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%).
2. Cronos (CRO) jumped 17% shortly after the ETF announcement, driven by investor interest and its issuer's deep integration with the ETF.
3. Solana (SOL) showed modest gains (0.9%) post-announcement, maintaining stability amid recent institutional attention and ETF applications.
4. XRP declined 2.3% after the ETF news, with its legal uncertainties potentially dampening short-term investor enthusiasm.
5. The ETF's allocation highlights Bitcoin and Ethereum as primary holdings, with smaller allocations to altcoins like Cronos, Solana, and XRP.
Description
Trump Media and Technology Group (TMTG) has sent waves through the crypto markets following its recent filing for a new crypto-focused exchange-traded fund (ETF) under its Truth Social brand. The proposed ETF , titled the Truth Social Crypto Blue Chip ETF, includes Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO), and XRP — each selected to represent a diversified slice of the digital asset market. The ETF is poised to become one of the first to bundle top-tier crypto assets into a sing...
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