Truth Social has submitted filings for two distinct cryptocurrency exchange-traded funds (ETFs), seeking to expand regulated investment options in the digital asset sector.
The flagship proposal, the ‘Truth Social Crypto Blue Chip ETF,’ targets exposure to five major cryptocurrencies. Its investment strategy allocates 70% to Bitcoin (BTC), 15% to Ethereum (ETH), 8% to Solana (SOL), 5% to Cronos (CRO), and 2% to XRP (XRP). Structured as a Nevada business trust and sponsored by Yorkville America Digital, the fund seeks a listing on NYSE Arca.
Share issuance and redemption will operate through authorized broker-dealers, involving the creation and redemption of blocks of 10,000 shares. This mechanism allows investors exposure without requiring direct custody of the underlying digital assets.
In a separate filing, Truth Social proposed a dual-spot Bitcoin and Ethereum ETF. This fund plans to hold Bitcoin and Ether directly, with an allocation of 75% BTC and 25% ETH. Crypto.com is designated as the custody provider for these underlying assets.
These filings represent a strategic effort to meet both regulatory expectations from bodies like the SEC and growing investor demand for transparent, accessible cryptocurrency investment vehicles within traditional markets.