Trump bets big on crypto: Files for ‘Blue Chip’ ETF with Bitcoin, Ethereum, Solana; Critics allege personal gain, regulatory bias
Donald Trump’s media company has filed for a new exchange-traded fund (ETF) focused on five major cryptocurrencies, signaling a deepening alignment between the former president and the crypto industry he once criticized.On Tuesday, Trump Media & Technology Group, the Florida-based firm behind Truth Social, submitted paperwork to the Securities and Exchange Commission (SEC) to launch what it calls the “Crypto Blue Chip ETF.” The fund would invest 70% in bitcoin, 15% in ethereum, 8% in solana, 5% in ripple’s XRP token, and 2% in CRO, the token of Crypto.com, which is also named as the ETF’s digital custodian.This latest filing comes after the company previously announced plans for a simpler ETF limited to bitcoin and ethereum….
