Trump Media filed for a multi-asset crypto ETF holding BTC, ETH, SOL, CRO, and XRP.
The ETF will allocate 70% to Bitcoin, with Crypto.com as custodian and liquidity provider.
Cronos surged 16% after the filing while XRP dropped 2% to $2.29 on the same day.
The ETF, named the 'Truth Social Crypto Blue Chip ETF,' will not operate as a traditional investment company but will issue and redeem shares in blocks of 10,000 through authorized broker-dealers.