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Trump-Linked Truth Social Plans Crypto ETF: What It Means If Approved?
Beginner
2025-07-11 | 5m
Key Takeaways:
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Trump Media has filed to list a crypto ETF holding bitcoin, ether, solana, XRP and cronos in its latest digital asset push.
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The fund, to be managed by Yorkville America Digital, would keep 85% of its holdings in bitcoin and ether, according to an SEC filing.
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Crypto.com’s custody arm will safeguard the assets, while a second exchange filing is needed to trigger the SEC review clock.
Truth Social’s Blue Chip ETF follows BTC, ETH ETF application
Truth Social, the social media arm of Trump Media & Technology Group, has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission for a "Crypto Blue Chip" exchange-traded fund.
If approved, the trust's assets will "primarily consist of Bitcoin bitcoin
BTC, ether
ETH, solana
SOL, XRP
XRP and cronos CRO— the native cryptocurrency of the Cronos blockchain, which is closely associated with the Crypto.com ecosystem — according to the preliminary prospectus. The initial allocation is expected to approximate percentages by value of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP, the filing adds.
The ETF is being launched in partnership with Yorkville America Digital, the same asset manager backing Trump Media’s earlier filings for a combined Bitcoin and Ether ETF, as well as a standalone bitcoin fund. The SEC acknowledged the dual BTC-ETH ETF application on Monday, a step that initiates its review.
Crypto.com’s custody arm, Foris DAX Trust Company, will serve as the fund’s custodian, responsible for safekeeping the underlying crypto assets.
The S-1 registration filed with the SEC is one of two key documents required for an ETF to move forward. The next step lies with the exchange seeking to list the product, which must file a 19b-4 with the SEC. That submission would legally bind the regulator to a review timeline.
This would mark at least the third crypto ETF attempt tied to Trump Media or related entities, signaling an intent to establish a broad crypto investment franchise.
What It Means To Crypto Space
Earlier this year, Trump Media signed a binding agreement with Crypto.com and asset management firm Yorkville America Digital to launch a series of ETFs, which are expected to comprise various digital assets and securities with a "Made in America" focus. In March, Cronos controversially approved a proposal to reissue 70 billion CRO ($6.9 billion) that was previously burned in 2021, amid Crypto.com's plans for an ETF application.
Other asset managers, such as Bitwise, Grayscale, Franklin Templeton, and REX Shares, are also seeking the SEC's green light for several spot crypto ETFs, including products focused on XRP, Solana, Dogecoin, Cardano, Avalanche, Hedera, Litecoin, and Polkadot. The flurry comes amid a new era for the agency under the pro-crypto Trump administration, with expectations that it will offer a friendlier ear than in the previous Biden administration.
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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