Trump Media's Truth Social has filed an S-1 registration statement with the SEC for a new ETF that will track major cryptocurrencies, including Bitcoin, Ethereum, Solana, Cronos, and XRP.
The "Truth Social Crypto Blue Chip ETF" will allocate 70% to BTC, 15% to ETH, 8% to SOL, 5% to CRO, and 2% to XRP.
A custodian will hold the assets, and any rebalancing will require regulatory approval.
Sponsored by Yorkville America Digital and structured as a Nevada business trust, the ETF plans to list on NYSE Arca following approval.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange
Unlike traditional mutual funds, it will not operate as a registered investment company or be subject to CFTC rules as a commodity pool.
Shares will be issued and redeemed in blocks of 10,000 units to maintain price alignment with the underlying assets.