Trump Media Files S-1 for Crypto Blue Chip ETF Featuring BTC, ETH, SOL, CRO, and XRP
Donald Trump continues to make waves in the financial markets. His platform, Truth Social, under Trump Media, has submitted a groundbreaking document to the SEC: an S-1 to launch a multi-asset crypto ETF named the “Crypto Blue Chip ETF”.
The goal is to provide traditional investors exposure to crypto stars without needing a digital wallet. The ETF will be listed on the New York Stock Exchange (NYSE Arca) once approved by regulators.
Strategically Focused on Bitcoin
This new ETF takes a bold “blue chip” approach: 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP dominate the portfolio composition. With Bitcoin leading the charge, the investment in Cronos may raise eyebrows due to Trump’s historical ties with Crypto.com.
The assets will be held by an independent custodian and any changes to the allocation must go through the SEC.
Unique Structure for Mainstream Appeal
This ETF breaks away from traditional investment funds, avoiding CFTC regulations as a “commodity pool”. It operates through block increments of 10,000 units only through approved brokers. Sponsored by Yorkville America Digital and registered as a Nevada Business Trust, it aims to closely track the underlying crypto prices while remaining accessible to traditional investors.
Strategic Move by the Trump Family
This move is part of a broader strategy by Truth Social in the crypto space. Just days ago, they filed another S-1 for a dual spot BTC/ETH ETF, backed by Crypto.com reserves with a 75% BTC / 25% ETH allocation.
Truth Social’s Bet: Mainstream Crypto Made in MAGA
By combining crypto, stock market, and the Trump brand, Truth Social hopes to democratize crypto investment through an institutional, accessible, and regulated product. This bold move comes amid the accelerated normalization of crypto ETFs in the U.S. If approved by the SEC, the “Crypto Blue Chip ETF” could be one of the first multi-asset baskets listed on NYSE after Grayscale’s ETF withdrawal.
