- Trump Media’s ETF filing aims to capitalise on growing institutional interest in diversified crypto exposure.
- The Blue Chip fund complements a broader three-pronged crypto strategy: treasury holdings, ETFs, and investor access.
- Partnering with Foris DAX and Yorkville reflects a deliberate push to anchor crypto products within U.S. markets.
Trump Media and Technology Group has announced plans to launch the Truth Social Crypto Blue Chip ETF, according to a new S-1 filing with the US Securities and Exchange Commission. The ETF will invest 70% in Bitcoin, 15% in Ethereum, 8% in Solana, 5% in Cronos, and 2% in XRP. The ETF’s name draws from Truth Social, the core media platform within Trump Media’s broader ecosystem.
The ETF is expected to trade on NYSE Arca and will be sponsored by Yorkville America Digital. Foris DAX Inc. will handle the digital asset custody, execution, and staking operations. Price feeds will be sourced from CF Benchmarks, and the ETF will be rebalanced quarterly.
This product follows two previous crypto ETF filings by Trump Media – one focused solely on Bitcoin and another split between Bitcoin and Ethereum. All three funds are projected to launch this year.
Related: Japan’s FSA to Treat Crypto as Financial Products, Unlock ETFs with 20% Flat Tax
Rising Interest in Spot Crypto Investment Vehicles
The application comes amid a surge in demand for spot crypto ETFs. Since their debut in January 2024, Bitcoin ETFs have attracted nearly US$50 billion (AU$76.6 billion) in investment inflows, reflecting heightened institutional interest in the asset class.
In support of its broader digital asset strategy, Trump Media raised US$2.3 billion (AU$3.52 billion) in May to create a Bitcoin treasury, though it has not disclosed any BTC acquisitions. It also announced a US$400 million (AU$613 million) stock buyback programme.
Ethereum co-founder Joseph Lubin said in an interview with CNBC that improved U.S. regulatory clarity has created a more favourable environment for ETH-related strategies, noting the shift from development to practical enterprise adoption. Companies like Bit Digital have already pivoted to ETH-only treasury models.
Following the ETF news, Cronos rose nearly 16% to US$0.094 (AU$0.14), while XRP declined by 2% to US$2.29 (AU$3.51).
Related: Ethereum’s New Safety Net: EIP-7983 Caps Transaction Gas at 16.77M to Thwart DoS Attacks
Credit: Source link
