Trump's company files with SEC to launch shocking new 'blue chip' ETF originally appeared on TheStreet.
Trump Media and Technology Group Corp., or TMTG (Nasdaq: DJT), announced on July 8 that it has filed the form S-1 with the Securities and Exchange Commission (SEC) to launch the "Truth Social Crypto Blue Chip" exchange-traded fund (ETF).
A crypto ETF is a financial product that is traded on traditional stock exchanges and gives investors exposure to crypto assets without the need for traders to directly own the cryptocurrency.
Majority-owned by President Donald Trump, Trump Media and Technology Group is the company behind Truth Social, the social media platform that the president frequently posts his messages on.
The ETF will directly allocate its assets to Bitcoin (70%), Ethereum (15%), Solana (8%), CRO (5%), and XRP (2%).
As reported earlier, the crypto trading platform, Crypto.com, will act as the fund's exclusive digital asset custodian, prime execution agent, and staking and liquidity provider.
Yorkville America Digital, a Florida limited liability company, will act as the fund's sponsor.
The ETF will be listed on the New York Stock Exchange Arca once it is launched, the statement read.
This isn't the first crypto ETF that the company has applied for. Truth Social earlier applied to launch a spot Bitcoin ETF on June 5 and a joint Bitcoin and Ethereum ETF on June 16.
The DJT stock reacted positively to the latest announcement, soaring more than 3% to trade at $19.33 at press time.
As per Kraken, Bitcoin was trading at $108,758.22, Ethereum at $2,576.25, Solana at $151.69, and XRP at $2.28, all remaining rather flat.
However, CRO jumped more than 15% following the announcement. CRO, the native cryptocurrency of the Cronos blockchain, which is closely associated with the Crypto.com ecosystem, was trading at $0.09158 at press time.
Trump's company files with SEC to launch shocking new 'blue chip' ETF first appeared on TheStreet on Jul 8, 2025
This story was originally reported by TheStreet on Jul 8, 2025, where it first appeared.
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