Trump’s Truth Social Files for Crypto Blue Chip ETF Featuring BTC, ETH, XRP, SOL, CRO

Truth Social, the social media platform owned by US President Donald Trump through Trump Media & Technology Group (TMTG), has further intensified its crypto investment drive. On Tuesday, July 8, the company filed a Form S-1 with the US Securities and Exchange Commission (SEC) for a Truth Social Crypto Blue Chip ETF.

Trump’s Truth Social S-1 Filing for Crypto Blue Chip ETF | Source: SEC.Gov

Sponsored by Yorkville America Digital LLC, the ETF will track the performance of five major digital assets, Bitcoin BTC $108 323 24h volatility: 0.4% Market cap: $2.15 T Vol. 24h: $26.26 B , Ethereum ETH $2 559 24h volatility: 0.3% Market cap: $308.90 B Vol. 24h: $16.38 B , XRP $2.26 24h volatility: 0.2% Market cap: $133.78 B Vol. 24h: $4.52 B , Solana SOL $149.3 24h volatility: 1.2% Market cap: $79.99 B Vol. 24h: $4.32 B , and Cronos CRO $0.0807 24h volatility: 0.3% Market cap: $2.51 B Vol. 24h: $12.19 M , with an initial allocation of 70%, 15%, 8%, 5%, and 2% respectively.

If approved, the fund will trade on NYSE Arca, issuing shares in creation units of 10,000. Only cash-based creations and redemptions will be allowed at launch, with in-kind transactions to be considered pending future regulatory clearance.

Truth Social Lists Crypto.com, CME, and CF Benchmarks as Custodian Providers

Foris DAX Inc., a US affiliate of Crypto.com, is listed as both the custodian and liquidity provider for the ETF. CF Benchmarks, a leading crypto index provider, will offer real-time pricing through its CME-based benchmark indices.

In addition to the Blue Chip ETF, Truth Media and Yorkville are seeking SEC approval for two more products: the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF, which will offer more concentrated exposure to BTC and ETH respectively.

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Increased mainstream awareness from Trump’s Truth Social filing for multiple crypto ETFs, could drive demand for self-custody tools like Best Wallet.

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The post Trump’s Truth Social Files for Crypto Blue Chip ETF Featuring BTC, ETH, XRP, SOL, CRO appeared first on Coinspeaker.

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