Trump’s Truth Social Announcement Excites XRP Holders. Here’s the Latest
2025-07-08 21:19:36
Main Idea
Trump's Truth Social has proposed a 'Crypto Blue Chip' ETF featuring XRP, sparking excitement among XRP holders and signaling deeper involvement in the cryptocurrency space.
Key Points
1. Truth Social, owned by Trump Media & Technology Group, is proposing a 'Crypto Blue Chip' ETF with allocations of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP.
2. The ETF is sponsored by Yorkville America Digital and custodied by Forix DAX Trust, pending regulatory approval for trading on the New York Stock Exchange.
3. This follows previous ETF filings by Truth Social, including a Bitcoin spot ETF and a combined Bitcoin-Ethereum spot ETF, aligning with broader efforts to expand in digital assets.
4. The inclusion of XRP, despite its small allocation, is seen as strategically significant, reaffirming its regulatory clarity and potential for broader acceptance.
5. Cronos (CRO) saw an 11% surge following the announcement, highlighting the impact of Truth Social's partnership with Crypto.com.
Description
Donald Trump’s Truth Social has sparked fresh excitement across the cryptocurrency community, especially among XRP supporters, with a newly proposed exchange-traded fund (ETF) that features the token alongside several top digital assets. Truth Social Makes Strategic Crypto Move Truth Social, the social media platform owned by Trump Media & Technology Group, is deepening its involvement in the digital asset space. The company has filed a new registration statement with the U.S. Securities and Exc...
Latest News
- Revealed: Mysterious XRPL Co-Founder Who Owns 2% of All XRP2025-07-09 00:12:58
- Crypto Proponent Says XRP Must Hit This Level First Before Targeting $362025-07-08 23:36:58
- 69,000% XRP Price Rally on the Cards? Raoul Pal Believes This Bullish History Will Repeat2025-07-08 23:25:12
- Searching for the Next 100x Token? Early Entry Bonuses Make Ruvi AI (RUVI) the Top Pick By Smart Investors2025-07-08 22:10:21
- Trump’s Truth Social Announcement Excites XRP Holders. Here’s the Latest2025-07-08 21:19:36