Truth Social, a media platform belonging to President Donald Trump, has filed a new application with the Spot Crypto Exchange-Traded Fund (ETF)’s Securities and Exchange Commission (SEC).
The proposed vehicle, titled Truth Social Crypto Blue Chip ETF, aims to be directly exposed to a basket of key digital assets including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP and Chronos (CRO).
The news had limited market impact on more established digital assets such as BTC, ETH, SOL and XRP. However, the value of the CRO has increased by more than 12%, with the monthly high of $0.09202.
True Social Cryptography Blue Chip ETF
According to the SEC filing on July 8th, the ETF portfolio will be configured to hold around 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos and 2% XRP at values.
If approved, the ETF will be listed and traded on NYSE ARCA, but the fund’s ticker symbol has not yet been disclosed.
The proposed ETF will operate as a passive investment vehicle and track the market price of the underlying crypto without using leverage, derivatives, or speculative trading strategies. The fund also participates in staking assets such as Ethereum, Solana and Chronos, which allow it to generate staking rewards.
Filing has named Foris Dax Trust Company, the institutional division of Crypto.com, as the custodian responsible for protecting the fund’s assets.
Yorkville America Digital Asset Management will act as a sponsor of the ETF and oversee operations and compliance. Renowned index provider CF Benchmarks Ltd. is responsible for calculating and publishing the US dollar valuation of the fund’s digital assets.
Additionally, if the NYSE ARCA receives required regulatory approval, the trust may allow a credited participant to trade in physical form if the cryptocurrency is exchanged directly for ETF shares. However, this approval timeline remains uncertain.
Cryptographic ETF
The application follows previous filings Trump Media filed with another spot Bitcoin and Ethereum ETF.
Both filings arrive as the SEC considers a streamlined process for listing cryptographic ETFs and may soon signal a wider institutional adoption.
Novadiuswealth president Nate Geraci said the industry may not see approval for new ETFs until the framework is implemented. He said:
“Some publishers don’t think this framework will be fully implemented until early fall, so there is no prior approval for Spot Crypto ETF.”
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