Truth Social Platform’s Parent Company Proposes Blue Chip Crypto ETF
2025-07-08 16:57:34
Main Idea
Yorkville America Digital, LLC and Trump Media & Technology Group (TMTG) have filed with the SEC to launch the Truth Social Crypto Blue Chip ETF, which will primarily invest in major cryptocurrencies like bitcoin and ether.
Key Points
1. The proposed ETF is a partnership between Yorkville America Digital, LLC and TMTG, the parent company of Truth Social.
2. The ETF's target allocations are 70% bitcoin, 15% ether, 8% solana, 5% cronos, and 2% XRP.
3. Shares will be issued and redeemed in large blocks of 10,000 or multiples, exclusively by authorized broker-dealers.
4. Foris DAX Trust Company, LLC will serve as the custodian for the ETF's assets.
5. The SEC must approve the registration before the ETF can launch.
Description
Yorkville America Digital, LLC, in partnership with Trump Media & Technology Group (TMTG) – the company behind President Donald Trump’s “free speech” social media platform Truth Social – has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Truth Social Crypto Blue Chip exchange-traded fund (ETF). Yorkville and
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