Truth Social, backed by Donald Trump, has filed for a crypto-focused ETF under Form S-1, targeting major digital assets like Bitcoin, Ethereum, SOL, XRP, and Cronos.
The ETF aims to list on NYSE Arca with Bitcoin holding a 70% allocation in the trust, marking a rare move by a nontraditional tech platform.
SEC approval of the filing could lead to altcoin inclusion in future crypto ETFs, reshaping how institutional and retail investors view crypto-based ETFs.
Analysts see the filing as a potential shift in the ETF landscape, with implications for broader acceptance of altcoin-based ETFs and regulatory flexibility.