Trump Media & Technology Group’s Truth Social has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC). This is an effort to launch the “Truth Social Crypto Blue Chip ETF.”
Along with Ethereum (ETH), this proposed exchange-traded fund aims to provide investors with direct exposure to a carefully curated basket of top cryptocurrencies. These include Bitcoin ($BTC), Solana ($SOL), Ripple ($XRP), and Cronos ($CRO). With a focus on Bitcoin, the ETF tracks the performance of these five significant digital assets.
This move follows Truth Social’s earlier filings with the SEC for an ETF. They include a spot Bitcoin ETF and a combined Bitcoin-Ethereum product. This signals a determined push to position the Trump-linked brand at the forefront of mainstream crypto adoption.
How the Truth Social Crypto Blue Chip ETF Will Work
- Structure: The ETF structure will be that of a Nevada business trust sponsored by Yorkville America Digital. It will be listed on NYSE Arca pending regulatory approval.
- Custody: Crypto.com’s institutional arm, Foris DAX Trust Company, will act as the exclusive custodian. They will handle safekeeping, staking, and liquidity for the fund’s digital assets.
- Passive Investment: It is a passive investment vehicle that tracks the real-time market prices of the underlying cryptocurrencies in a transparent manner. It will not use leverage, derivatives, or speculative trading strategies.
- Share Creation: Shares will be issued and redeemed in blocks of 10,000. This will allow authorized broker-dealers to keep ETF prices closely aligned with the value of the underlying assets.
- Staking: The fund will participate in staking for assets such as Ethereum, Solana, and Cronos, potentially boosting returns for shareholders
The ETF’s launch is contingent on SEC approval of both the S-1 registration statement and a related Form 19b-4 filing by NYSE Arca. If approved, the ETF will offer both retail and institutional investors a regulated, transparent way to gain exposure to top digital assets—without the complexities of direct crypto ownership.
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