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Trump Media files for third crypto ETF

Trump Media files for third crypto ETF

President Donald Trump’s Trump Media and Technology Group (TMTG), the owner of Truth Social, has filed to launch a digital assets ETF invested in a basket of cryptocurrencies.

The proposed Truth Social Crypto Blue Chip ETF would invest in multiple cryptocurrencies. According to its preliminary S-1 filing with the Securities and Exchange Commission (SEC), the fund is aiming to invest 70% in bitcoin, 15% in Ethereum, 8% in Solana and 2% in XRP.

Crypto.com is set to be the ETF’s custodian while Yorkville America Digital is listed as its sponsor. Pending approval, the ETF would be listed on NYSE Arca.

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