U.S. President Donald Trump’s Media & Technology Group has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) to offer an exchange-traded fund tracking the prices of a basket of top crypto assets, including Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, Solana (SOL), and Cronos.
The preliminary prospectus stated the Truth Social Crypto Blue Chip ETF will consist of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP.
“The Trust is a passive investment vehicle that seeks to reflect generally the performance of the prices of the Portfolio Assets before payment of the Trust’s expenses and liabilities,” the filing reads.
The investment vehicle is being launched in collaboration with Yorkville America Digital, the same asset manager backing Trump Media’s previous applications for a dual Bitcoin and Ether ETF, as well as a standalone BTC fund.
Crypto.com’s custody affiliate, Foris DAX Trust Company, will act as the fund’s custodian, responsible for safekeeping the underlying assets. Shares of the ETF are intended to be offered on the New York Stock Exchange Arca and issued in creation units of 10,000 after regulatory approvals.
The S-1 statement filed with the SEC is one of two important documents required before the ETF can go live for trading. The next step involves the exchange filing a Form 19b-4 with the Securities and Exchange Commission, kicking off a review timeline.
The crypto Blue Chip ETF filing comes as digital asset-based funds gain popularity among investors in the U.S. Bitcoin ETFs have attracted $50 billion in net inflows since their inception in January 2024.
The crypto ETF filing marks the latest high-profile move from Truth Social or related entities to bring crypto exposure to retail and institutional investors via traditional equity markets.
Moreover, Trump Media raised over $2.3 billion in May to create a Bitcoin treasury, though the company has yet to announce its first BTC purchase.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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