Trump Media & Technology Group, the company behind Truth Social, has filed with the SEC for a new Crypto Blue Chip ETF, expanding its presence in the crypto space.
The ETF includes a mix of five digital assets with Bitcoin at 70%, Ethereum at 15%, and smaller allocations for Solana, Cronos, and XRP, providing investors with exposure to major cryptocurrencies.
This move is part of a broader strategy by Trump Media to delve deeper into crypto, alongside plans for a Bitcoin treasury product and a fintech platform named Truth.Fi.
Critics have raised concerns about the ethical implications of merging political influence with financial products, questioning transparency and fairness.