Trump-Backed Truth Social Files to Launch Crypto ETF Holding $1B in BTC, ETH, and More
The post Trump-Backed Truth Social Files to Launch Crypto ETF Holding $1B in BTC, ETH, and More appeared on BitcoinEthereumNews.com.
Key Takeaways: Truth Social seeks SEC approval to launch a new ETF holding five major cryptocurrencies. Crypto.com will serve as exclusive custodian and liquidity provider for the fund. The ETF aims to list on NYSE Arca and directly hold Bitcoin, Ether, Solana, CRO, and XRP. Trump Media and Technology Group (TMTG), the operator behind the social platform Truth Social, is making an aggressive push into crypto investment vehicles. On July 8, 2025, the company filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to create the Truth Social Crypto Blue Chip ETF, an exchange-traded fund (ETF) that will hold a basket of the market’s most established digital assets. Read More: Trump-Backed Truth Social Files Bold Bid for Dual Bitcoin-Ethereum ETF on NYSE Arca A Bold Play for Crypto Mainstream Adoption TMTG’s proposed ETF marks one of the most direct and politically branded moves into the world of digital assets. According to the S-1 filing, the ETF will passively track the performance of five “blue chip” cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO), and Ripple’s XRP. What sets this ETF apart is its direct holding strategy. Unlike futures-based products, the Truth Social Crypto Blue Chip ETF will physically hold the underlying digital assets. The initial allocation is as follows: 70% Bitcoin (BTC) 15% Ether (ETH) 8% Solana (SOL) 5% Cronos (CRO) 2% Ripple (XRP) The asset weightings were selected to represent a diversified exposure across legacy and next-generation blockchain networks. Custody and Infrastructure: Crypto.com’s Role The ETF’s digital asset holdings will be managed by Foris DAX Trust Company, LLC, a subsidiary of Crypto.com, which will serve as the sole custodian and prime execution agent. This includes staking services, market liquidity provisioning, and asset security. Additionally, Foris DAX will act as the ETF’s rebalancing agent, ensuring the asset…
Filed under: News - @ July 8, 2025 6:28 pm