The Trump Media & Technology Group plans to launch the Truth Social Crypto Blue Chip ETF, offering exposure to major cryptocurrencies like Bitcoin, Ethereum, Solana, Cronos, and Ripple XRP.
The ETF will have a diversified portfolio with suggested allocations of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP, following a passive investment strategy without leverage or derivatives.
Crypto.com will handle custody, staking, and liquidation of the ETF, while Yorkville America Digital will oversee compliance and operation. The ETF aims to simplify digital asset investing and will store assets in cold storage.
The introduction of the Truth Social Crypto Blue Chip ETF has prompted regulatory review from the SEC, with the ETF targeting both retail and institutional investors. If approved, it will provide an accessible way for investors to enter the cryptocurrency market.