In a bold move blending social media and fintech, Truth Social, the platform linked to former US President Donald Trump, has filed for a new cryptocurrency exchange-traded fund (ETF) with the US Securities and Exchange Commission (SEC). Named the Truth Social Crypto Blue Chip ETF, this fund aims to make crypto investing accessible by offering exposure to a curated mix of top digital assets. If approved, it could mark a significant step toward mainstream crypto adoption.
What’s in the Basket? A Diverse Crypto Portfolio
The proposed ETF will focus on five major cryptocurrencies, with allocations designed to balance risk and reward:
| Cryptocurrency | Allocation (%) |
| Bitcoin (BTC) | 70% |
| Ethereum (ETH) | 15% |
| Solana (SOL) | 8% |
| Cronos (CRO) | 5% |
| XRP | 2% |
Bitcoin, the heavyweight of the crypto world, dominates the portfolio, while Ethereum and Solana add smart contract capabilities and scalability. XRP and Cronos, though smaller players, bring unique value—XRP with its focus on cross-border payments and Cronos tied to the Crypto.com ecosystem. Notably, CRO saw a 12% price jump to $0,09202 following the news, hitting a monthly high.
How Will It Work? A Passive, Staking-Friendly Fund
Unlike speculative crypto trading, this ETF is set to be a passive investment vehicle. It will track the market prices of its holdings without leveraging complex strategies or derivatives. Investors could also benefit from staking rewards, as the fund plans to stake assets like Ethereum, Solana, and Cronos—a process where coins are locked up to support network operations in exchange for returns.
The fund is slated to trade on NYSE Arca, though a ticker symbol hasn’t been revealed yet. Crypto.com’s institutional arm, Foris DAX Trust Company, will act as the custodian, ensuring the security of the digital assets. Meanwhile, Yorkville America Digital Asset Management will sponsor the ETF, and CF Benchmarks Ltd. will handle the valuation of the assets in US dollars.
There’s also a potential twist: the fund might allow “in-kind” transactions, where investors can swap crypto directly for ETF shares. However, this depends on regulatory approval from NYSE Arca, and the timeline remains unclear.
Truth Social’s Bigger Crypto Ambitions
This isn’t Truth Social’s first foray into crypto ETFs. Earlier, Trump Media filed for a simpler spot ETF focused on Bitcoin (75%) and Ethereum (25%). Both filings come at a time when the SEC is exploring a streamlined process for approving crypto ETFs, hinting at growing institutional interest in digital assets.
Industry expert Nate Geraci, president of NovaDiusWealth, suggested that approvals for new crypto ETFs might be delayed until a new regulatory framework is fully in place, potentially by early fall. “Some issuers don’t believe this framework will be fully implemented until then,” Geraci noted on social media.
Why It Matters for Crypto Investors
For everyday investors, an ETF like this could lower the barriers to entering the crypto space. Instead of navigating wallets, exchanges, and private keys, you’d simply buy shares through a traditional brokerage account. It’s a familiar format with the added thrill of crypto’s potential upside—though, of course, with its notorious volatility.
Truth Social’s move also signals a broader trend: crypto is inching closer to Wall Street. With major players like BlackRock and Fidelity already in the ETF game, the involvement of a high-profile platform like Truth Social could draw even more attention to digital assets.
Market Impact and What’s Next
While the filing didn’t significantly move prices for Bitcoin, Ethereum, Solana, or XRP, the boost to Cronos shows how targeted news can influence smaller tokens. As the SEC reviews this application, all eyes will be on whether this ETF—and others in the pipeline—can secure approval and pave the way for broader crypto investment options.
Stay tuned for updates on this developing story as Truth Social aims to bridge the gap between social media, politics, and the fast-evolving world of cryptocurrency.
