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Trump’s Truth Social Files for Crypto Blue Chip ETF

  • 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.

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