Trump’s media company files for new “Crypto Blue Chip ETF”
Donald Trump is expanding his crypto footprint.
The parent company of Truth Social, Trump Media & Technology Group, announced a new filing with the US Securities and Exchange Commission for an ETF that would hold a basket of cryptocurrencies.
Florida-based crypto asset manager Yorkville America Digital, which is the sponsor, filed an S-1 form for the “Truth Social Crypto Blue Chip ETF,” which will be made up of 70% bitcoin, 15% ethereum, 8% solana, 5% cronos, and 2% XRP.
Shares of Trump Media & Technology Group have increased roughly 5%, while cronos saw the largest price swing of the tokens included in the basket, jumping nearly 12% since 6:00 a.m. ET.
The new fund is Trump Media’s third filing for an ETF rooted in digital assets. The social media company filed an S-1 document to launch a spot bitcoin ETF last week, and in June, the company announced plans to launch an ETF for bitcoin and ethereum.