Truth Social Files for Crypto ETF Tracking Bitcoin and Other Blue-Chip Assets Pending SEC Approval
2025-07-08 14:28:52
Main Idea
Truth Social has filed for a crypto ETF tracking BTC, ETH, SOL, CRO, and XRP, aiming for a NYSE Arca listing to provide regulated crypto investment options, alongside a separate dual-spot Bitcoin and Ether ETF.
Key Points
1. Truth Social filed an S-1 for the 'Truth Social Crypto Blue Chip ETF,' allocating 70% to Bitcoin, 15% to Ether, 8% to Solana, 5% to Cronos, and 2% to XRP.
2. The ETF is structured as a Nevada business trust sponsored by Yorkville America Digital and targets NYSE Arca listing for broader investor access.
3. Shares will be issued and redeemed in blocks of 10,000 through authorized broker-dealers, simplifying investment without direct asset custody.
4. A separate S-1 filing proposes a dual-spot Bitcoin and Ether ETF with a 75% BTC and 25% ETH allocation, held by Crypto.com.
5. The filings reflect a strategic move to align with SEC scrutiny and market demand for regulated, transparent crypto investment products.
Description
Truth Social has officially filed to launch a new crypto ETF designed to track a diversified basket of leading digital assets, signaling a strategic move into regulated crypto investment products.
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