Trump Media Accelerates Crypto Pursuits, Files Third ETF Filing
2025-07-09 09:41:38
Main Idea
Trump Media files for a new 'Crypto Blue Chip ETF' with the SEC, allocating holdings in major cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, and CRO, as part of its broader crypto strategy.
Key Points
1. Trump Media filed paperwork with the SEC for a 'Crypto Blue Chip ETF', allocating 70% in Bitcoin, 15% in Ethereum, 8% in Solana, 5% in XRP, and 2% in CRO.
2. The ETF follows Trump Media's earlier announcements of simpler crypto ETFs focused only on Bitcoin and Ethereum.
3. Trump's administration is actively supporting crypto-friendly regulations, aiming to position the US as a global leader in cryptocurrency.
4. The TRUMP memecoin is currently trading at $8.58, significantly lower than its peak of $73 shortly after launch.
5. The SEC is considering the Trump-linked ETF amid broader moves to create a more favorable environment for crypto businesses.
Description
President Donald Trump’s social media company announced on Tuesday plans to launch a new crypto exchange-traded fund (ETF) that will track the prices of five different cryptocurrencies. The company filed paperwork with the US Securities and Exchange Commission (SEC) on Tuesday, aiming for approval to introduce the “Crypto Blue Chip ETF” later this year. New Crypto Blue Chip ETF The proposed crypto ETF is designed to allocate 70% of its holdings in Bitcoin (BTC), the leading cryptocurrency, with ...
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