8 hours ago
U.S. President Donald Trump’s Media & Technology Group (NASDAQ: DJT) has filed to database a caller crypto exchange-traded money (ETF) that would way a enactment of integer assets, the latest successful a drawstring of specified efforts tied to the Trump brand.
The projected "Truth Social Crypto Blue Chip ETF" would clasp a portfolio of 5 tokens: bitcoin (BTC), ether (ETH), solana (SOL), XRP (XRP) and cronos (CRO), according to a filing with the SEC. Eighty-five percent of the fund’s holdings would beryllium divided betwixt bitcoin and ether. Solana would marque up 8%, cronos 5% and XRP 2%.
The ETF is being launched successful concern with Yorkville America Digital, the aforesaid plus manager backing Trump Media’s earlier filings for a combined Bitcoin and Ether ETF, arsenic good arsenic a standalone bitcoin fund. The SEC acknowledged the dual BTC-ETH ETF exertion connected Monday, a measurement that initiates its review.
Crypto.com’s custody arm, Foris DAX Trust Company, volition service arsenic the fund’s custodian, liable for safekeeping the underlying crypto assets.
The S-1 registration filed with the SEC is 1 of 2 cardinal documents required for an ETF to determination forward. The adjacent measurement lies with the speech seeking to database the product, which indispensable record a 19b-4 with the SEC. That submission would legally hindrance the regulator to a reappraisal timeline.
This would people astatine slightest the 3rd crypto ETF effort tied to Trump Media oregon related entities, signaling an intent to found a wide crypto concern franchise.
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