Trump Media Seeks Approval for Truth Social Crypto ETF Featuring Bitcoin and Ethereum
2025-07-08 17:00:05
Main Idea
Trump Media and Technology Group (TMTG) has filed with the SEC to launch the Truth Social Crypto Blue Chip ETF, a diversified cryptocurrency fund primarily tracking Bitcoin, Ethereum, Solana, Cronos, and XRP, reflecting broader institutional interest in crypto assets.
Key Points
1. The Truth Social Crypto Blue Chip ETF will allocate 70% to Bitcoin (BTC), 15% to Ethereum (ETH), 8% to Solana (SOL), 5% to Cronos (CRO), and 2% to XRP.
2. The ETF will be listed on NYSE Arca, with Yorkville America Digital as the sponsor and Crypto.com handling staking and liquidity.
3. Cronos (CRO) saw a 16% price surge on the filing day, while Bitcoin and Ethereum remained stable, and XRP declined slightly.
4. The filing follows the success of Bitcoin ETFs, which have attracted nearly $50 billion in investments since January 2024, with spot Ethereum ETFs expected to draw $10 billion in late 2024.
5. TMTG has raised over $2.3 billion for crypto initiatives, including a stock buyback program, and plans additional ETFs to expand its crypto market presence.
Description
Trump Media and Technology Group is set to launch the Truth Social Crypto Blue Chip ETF, targeting major cryptocurrencies like Bitcoin, Ethereum, Solana, Cronos, and XRP. This new ETF aims
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