The president of the president and technology of the president of the United States (NASDAQ: DJT) has filed to list a new fund that has been exchanged by Crypto Exchange (ETF) That will monitor a selection of digital assets, the latest in a string of such efforts tied to the Trump brand.
The proposed “Truth Social Crypto Blue Chip ETF” will hold a portfolio of five tokens: Bitcoin
Ether (Et)Solana (Sol)XRP (XRP) and Cronos (CRO), According to a SEC filing. Eight-five percent of funds will be divided between Bitcoin and Ether. Solana will make 8%, Cronos 5%and XRP 2%.
The ETF is launched in collaboration with Yorkville America Digital, the same asset manager who supports the earlier filing of Trump media for a combined Bitcoin and Ether ETF, as well as a standalone Bitcoin fund. The SEC recognized the BTC-Eth ETF applications on Monday, a step starting with its review.
Crypto.com’s career arm, Foris Dax Trust Company, will serve as a fundraise, which is responsible for keeping the underlying crypto assets.
The S-1 registration filed with the SEC is one of the two major documents required for an ETF to move forward. The next step depends on the exchange looking to list the product, which must file 19B-4 with the SEC. That submission will legally tie the regulator to a review timeline.
It will be marked with the least third attempt by Crypto ETF tied to Trump Media or related creatures, which has signed an intention to establish a broad crypto investment franchise.
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