Trump Media Files for 'Crypto Blue Chip' ETF Holding Bitcoin, Ethereum, Solana and XRP
Trump Media and Technology Group has applied with federal regulators to offer an exchange-traded fund tracking the prices of Bitcoin, Ethereum, Solana, Cronos, and XRP, the fintech firm said Tuesday in a statement.
The Truth Social Crypto Blue Chip ETF will be composed of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP, according to an S-1 registration statement filed last Thursday with the U.S. Securities Exchange Commission.
The filing calls attention to yet another crypto-based fund that could begin trading in the coming months from Trump Media, a publicly traded company co-founded by U.S. President Donald Trump. The firm previously filed for two other crypto ETFs: one focused on Bitcoin, and the other split between Bitcoin and Ethereum—with a holdings ratio of 75% BTC and 25% ETH.
Trump Media and Technology Group shares are trading at $19.12 as of writing time, up roughly 2% in the past 24 hours.
TMTG did not immediately respond to Decrypt's request for comment on the filing. Truth Social is the name of TMTG's social network, where President Trump frequently posts.
If approved, the fund's shares will be listed on NYSE Arca, the filing shows. Yorkville America Digital will sponsor the ETF. Crypto.com will serve as a digital assets custodian and prime execution agent, in addition to acting as a staking and liquidity provider for the fund.
TMTG's Blue Chip ETF filing comes as digital asset-based funds gain traction among investors in the U.S. Bitcoin ETFs have raked in nearly $50 billion since the first batch of funds tracking the cryptocurrency debuted in January 2024, according to Farside Investors data.
Meanwhile, Bitwise CIO Matt Hougan recently predicted that spot Ethereum ETFs could attract roughly $10 billion in the second half of this year, according to his X post dated July 2.
The success of spot Bitcoin ETFs has inspired asset managers to apply to offer funds tracking the prices of a wide range of additional cryptocurrencies, from Official Trump to Solana, Dogecoin, and XRP.
Trump Media's other planned ETFs include its America First Bitcoin Fund (AFBF), America First Blockchain Leaders Fund (AFBLF), and the America First Stablecoin Income Fund, according to an April statement from the firm.
Trump Media also raised over $2.3 billion in May to establish a Bitcoin treasury, though the firm has yet to announce its first BTC buy. It recently reaffirmed its treasury plan while announcing a $400 million stock buyback program.
The price of Cronos has surged on the day, up nearly 16% to a current price of $0.094, with most of the gains coming following the announcement. The other assets included in the ETF were largely flat aside from XRP, which is down 2% to $2.29, per data from CoinGecko.
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