Key Notes

• Truth Social’s crypto ETF will allocate 70% to Bitcoin, 15% to Ethereum, and smaller portions to XRP, Solana, and Cronos.
• Crypto.com affiliate Foris DAX Inc serves as custodian and liquidity provider for the proposed exchange-traded fund.
• Two additional crypto ETF products focusing on Bitcoin and Bitcoin-Ethereum combinations are also seeking regulatory approval.

Truth Social, the social media platform owned by US President Donald Trump through Trump Media & Technology Group (TMTG), has further intensified its crypto investment drive. On Tuesday, July 8, the company filed a Form S-1 with the US Securities and Exchange Commission (SEC) for a Truth Social Crypto Blue Chip ETF.

Trump’s Truth Social S-1…