Truth Social Files for ETF Fund to Invest in Top 5 Asset Classes

The Trump family's Truth Social platform has filed with the SEC, seeking approval for an ETF fund named "Crypto Blue Chip ETF."

Truth Social Files For Etf Fund To Invest In Top 5 Asset Classes

According to an official filing with the U.S. Securities and Exchange Commission (SEC), Truth Social, the social media platform owned by Trump Media & Technology Group and the family of former President Donald Trump, has announced plans to launch a cryptocurrency ETF called the “Crypto Blue Chip ETF.” This move marks a new step in the group’s strategy to expand its influence in the digital asset space.

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https://x.com/EricBalchunas/status/1942563054362755459

If approved by the SEC, the new ETF will focus on five leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO), and Ripple (XRP), with the expected allocation as follows:

  • 70% Bitcoin (BTC)
  • 15% Ethereum (ETH)
  • 8% Solana (SOL)
  • 5% Cronos (CRO)
  • 2% Ripple (XRP)

The fund will be custodied by Foris DAX Trust Company, while Yorkville America Digital will serve as the sponsor. These two partners have also collaborated with Truth Social on the ETF Bitcoin and Bitcoin-Ethereum filings in June 2025. Earlier, on June 16, Truth Social submitted an application for a Bitcoin-Ethereum ETF with a 75% allocation to BTC, managed by Yorkville and custodied by Foris DAX Trust.

Trump Media recently received SEC approval for a $2.5 billion fundraising round, emphasizing strong investment plans in Bitcoin and solidifying the Trump family’s pioneering position in the cryptocurrency ecosystem. This move is part of a series of plans to expand the group’s crypto footprint, including partnerships with Crypto.com and Yorkville America Digital earlier this year to develop ETF funds focused on digital assets and “Made in America” securities.

Related: Sei Network Sets New Record as TVL Surpasses $626 Million

Notably, the Cronos blockchain behind the CRO token has attracted attention by approving the reissuance of 70 billion CRO (worth approximately $6.9 billion) that was burned in 2021. This decision is aimed at preparing for the ETF plans and has paved the way for CRO to become a part of the official portfolio of the “Crypto Blue Chip ETF.”

In addition to Truth Social, many major players such as Bitwise, Grayscale, and Franklin Templeton are also awaiting SEC approval for ETF products related to other cryptocurrencies like XRP, SOL, DOGE, ADA, AVAX, DOT, LTC, and HBAR. With the Trump administration’s crypto-friendly policies, forecasts indicate that the approval rate for altcoin ETFs in 2025 could exceed 90%. The deadline for the SEC’s decision largely falls in October and November of this year.

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