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Trumpâs Truth Social has filed with the SEC to launch a Crypto Blue Chip ETF tracking BTC, ETH, SOL, CRO, and XRP.
Author: Tanishq Bodh
Published On: Tue, 08 Jul 2025 15:28:57 GMT
July 8, 2025 â Trump Media & Technology Group (TMTG), the operator of Truth Social, filed with the U.S. SEC to launch a new exchange-traded fund: the Truth Social Crypto Blue Chip ETF. The proposed ETF seeks to give investors exposure to a curated basket of top crypto assets.
The ETFâs initial allocation is:
The filing names Yorkville America Digital as the sponsor and Foris DAX Trust Company (an affiliate of Crypto.com) as the custodian. If approved, the ETF will list on NYSE Arca.
Truth Socialâs ETF will operate as a passive investment vehicle that reflects the weighted performance of its assets. The shares will be issued in blocks of 10,000 and initially created or redeemed using cash. In-kind transactions may be supported later.
Rebalancing will occur quarterly, and reference prices will be provided by CF Benchmarks Ltd., which also powers price data for existing CME crypto indexes.
This move comes amid broader efforts by TMTG to expand into digital assets. The company has also filed for other and partnered with Crypto.com to focus on âMade in Americaâ financial products.
This filing joins a wave of similar attempts by major players like Grayscale, Bitwise, and Franklin Templeton, who are seeking approval for ETFs tracking a wider range of crypto assets. The SEC, under a new administration, appears more open to crypto-friendly reforms, but approval is not guaranteed.
The inclusion of CRO and XRP may invite additional scrutiny, given prior SEC enforcement actions and token controversies. However, the branding around âBlue Chipâ implies a focus on stability and investor confidence.
The ETFâs custodian, Foris DAX Trust Company, is directly tied to Crypto.com, making this one of the first proposed U.S. ETFs with custodial backing from a crypto-native company.
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