Trump’s Truth Social files for a blue-chip crypto ETF – Details inside!

Key Points

1. The proposed ETF would track a basket of five cryptocurrencies: 70% Bitcoin (BTC), 15% Ethereum (ETH), 5% Cronos (CRO), 2% Ripple (XRP), and others.

2. The ETF aims to list on NYSE Arca, the same exchange where several Bitcoin spot ETFs currently trade, mimicking traditional indexes like the Dow Jones or S&P 500.

3. While BTC and ETH dominate institutional portfolios, the ETF could benefit lesser-held tokens like SOL, XRP, and CRO, with CRO already surging 9.75% at the time of writing.

4. The filing represents a shift in how crypto is packaged and consumed, potentially encouraging more politically focused companies to enter the ETF space.

5. If approved, the ETF could enhance the legitimacy and liquidity of the included tokens, further integrating crypto into mainstream investing.