Trump Media & Technology Group, the parent company behind Truth Social, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a new cryptocurrency-focused exchange-traded fund (ETF). Named the Truth Social Crypto Blue Chip ETF, the fund aims to offer investors exposure to a carefully selected basket of major digital assets.
Backed by Yorkville America Digital as its sponsor, the ETF will be listed on NYSE Arca and will track five prominent cryptocurrencies:
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Bitcoin (70%)
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Ethereum (15%)
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Solana (8%)
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Cronos (5%)
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XRP (2%)
Quarterly Rebalancing and Trusted Crypto Data Sources
To maintain its target allocations, the Truth Social Crypto Blue Chip ETF will undergo quarterly rebalancing. Foris DAX Inc., an affiliate of Crypto.com, will act as both the liquidity provider and rebalancing agent, helping manage fund operations efficiently.
CF Benchmarks, a well-known pricing provider, will supply pricing data for each digital asset in the ETF, relying on CME indices for trusted valuation. Investors will be able to purchase shares in blocks of 10,000, with cash creations and redemptions available at launch. The fund may also allow in-kind transactions in the future, pending SEC approval.
Part of a Broader Push into Crypto
The Truth Social Crypto Blue Chip ETF is just one part of a larger initiative by Trump Media and Yorkville to expand into the rapidly growing crypto investment space. Alongside this fund, they have also submitted applications for two additional ETFs: the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF.
As institutional interest in digital assets continues to rise, Truth Social and its partners are positioning themselves at the forefront of the next wave in crypto investing.
