Trump Media & Technology Group (TMTG), the organization behind Truth Social, has officially submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC) for its proposed “Blue Chip crypto” exchange-traded fund (ETF).
This anticipated investment trust plans to primarily consist of major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cronos (CRO), the native token of the Cronos blockchain, linked to the Crypto.com exchange.
The SEC has recognized the filing, which is now undergoing review, as noted in a submission made on July 8.
Proposed Structure for the Truth Social ETF
The ETF is designed to maintain an approximate asset composition of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP by value.
Should the SEC grant approval, the ETF would be available for trading on NYSE Arca, although the ticker symbol is yet to be revealed.
“The Trust’s allocation of its assets to the Portfolio Assets (the ‘allocation ratio’) is initially expected to approximate percentages by value of 70% Bitcoin, 15% Ether, 8% SOL, 5% CRO, and 2% XRP.”
— Eric Balchunas (@EricBalchunas) July 8, 2025
The ETF is projected to serve as a passive investment tool, aiming to track the market prices of its underlying cryptocurrencies without resorting to leverage, derivatives, or speculative trading methods.
Additionally, the fund plans to engage in staking for assets such as Ethereum, Solana, and Cronos, potentially generating staking rewards.
This latest filing follows TMTG’s previous attempts to launch a spot Bitcoin ETF in June, along with a submission for a combined Bitcoin and Ethereum ETF.
As with earlier registration statements, the “Truth Social Crypto Blue Chip ETF” is sponsored by Yorkville America Digital, while the Foris DAX Trust Company will function as the custodian for digital assets, according to the filing.
Furthermore, Crypto.com is set to take on several roles, including exclusive Bitcoin custodian, prime execution agent, and liquidity provider for the ETF.
Reports have suggested TMTG’s collaboration with Singapore’s Crypto.com to launch ETFs featuring a “Made-in-America” theme.
The media organization has entered a non-binding agreement to provide a lineup of exchange-traded products (ETPs) and funds (ETFs) via the Cronos blockchain-exchange.
The inclusion of CRO in the ETF’s investment strategy reinforces Crypto.com’s participation in the initiative.
Interestingly, the news about the filing had a more significant positive effect on CRO compared to other cryptocurrencies associated with Truth Social’s blue-chip offerings. CRO’s value surged over 20%, reaching a monthly high of $0.09886, while Bitcoin, Ethereum, XRP, and Solana recorded modest gains between 1.08% and 3.6% during the same timeframe.
TMTG’s Comprehensive Digital Asset Initiative and Trump’s Crypto Advancements
The SEC’s potential endorsement follows TMTG’s affirmation of its digital asset strategy, which also encompasses a Bitcoin treasury initiative.
On May 30, the company announced it had successfully raised $2.44 billion through a private placement with nearly 50 institutional investors.
“The SEC has approved Trump Media and Technology Group’s (TMTG) registration statement linked to a $2.3 billion Bitcoin treasury initiative.” #Trump #TruthSocial
— Finance Newso.com (@Finance Newso) June 14, 2025
This fundraising round consisted of 55.9 million shares priced at $25.72, accompanied by $1 billion in zero-coupon convertible notes, with funds earmarked for Bitcoin purchases and general operational needs.
In a statement made on May 27, TMTG President and CEO Devin Nunes highlighted Bitcoin as “an apex instrument of financial freedom,” asserting it will become a fundamental component of the company’s asset framework.
That same day, Arkham Intelligence shared on social media, “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?” referencing the aggressive Bitcoin acquisition strategy of MicroStrategy’s executive chairman.
President Trump appears to be profiting significantly from these cryptocurrency endeavors. A Bloomberg report from July 2 indicated that Trump and his family had accrued over $620 million from various cryptocurrency activities, contributing to a notable 9% of his estimated net worth, which stands at around $6 billion as of June.
“The Trump family has seen crypto holdings rise to $620M+, driven by memecoin, token sales, and a 20% Bitcoin stake.” #Cryptocurrency #TrumpMedia
— Finance Newso.com (@Finance Newso) July 2, 2025
Besides the Truth Social-related projects, the majority of this wealth is connected to his family-operated firm, World Liberty Financial, and the launch of his personal meme coin, TRUMP.
The content above originally appeared on Finance Newso.
