Trump Media Files for ‘Crypto Blue Chip’ ETF Holding Bitcoin, Ethereum, Solana and XRP

Trump Media and Expertise Group has utilized with federal regulators to supply an exchange-traded fund monitoring the costs of Bitcoin, Ethereum, Solana, Cronos, and XRP, the fintech agency said Tuesday in an announcement. 

The Reality Social Crypto Blue Chip ETF can be composed of 70% BTC, 15% ETH, 8% SOL, 5% CRO, and a couple of% XRP, in accordance with an S-1 registration assertion filed final Thursday with the U.S. Securities Change Fee.

The submitting calls consideration to yet one more crypto-based fund that would start buying and selling within the coming months from Trump Media, a publicly traded firm co-founded by U.S. President Donald Trump. The agency beforehand filed for 2 different crypto ETFs: one focused on Bitcoin, and the opposite break up between Bitcoin and Ethereum—with a holdings ratio of 75% BTC and 25% ETH.

Trump Media and Expertise Group shares are buying and selling at $19.12 as of writing time, up roughly 2% previously 24 hours.

TMTG didn’t instantly reply to Decrypt’s request for touch upon the submitting. Reality Social is the identify of TMTG’s social community, the place President Trump regularly posts.

If accredited, the fund’s shares can be listed on NYSE Arca, the submitting exhibits. Yorkville America Digital will sponsor the ETF. Crypto.com will function a digital belongings custodian and prime execution agent, along with performing as a staking and liquidity supplier for the fund.

TMTG’s Blue Chip ETF submitting comes as digital asset-based funds acquire traction amongst buyers within the U.S. Bitcoin ETFs have raked in practically $50 billion for the reason that first batch of funds monitoring the cryptocurrency debuted in January 2024, in accordance with Farside Buyers data.

In the meantime, Bitwise CIO Matt Hougan lately predicted that spot Ethereum ETFs might entice roughly $10 billion within the second half of this 12 months, in accordance with his X post dated July 2. 

The success of spot Bitcoin ETFs has impressed asset managers to use to supply funds monitoring the costs of a wide range of additional cryptocurrencies, from Official Trump to Solana, Dogecoin, and XRP.

Trump Media’s different deliberate ETFs embrace its America First Bitcoin Fund (AFBF), America First Blockchain Leaders Fund (AFBLF), and the America First Stablecoin Earnings Fund, in accordance with an April statement from the agency.

Trump Media additionally raised over $2.3 billion in May to determine a Bitcoin treasury, although the agency has but to announce its first BTC purchase. It lately reaffirmed its treasury plan whereas saying a $400 million inventory buyback program.

The worth of Cronos has surged on the day, up practically 16% to a present worth of $0.094, with a lot of the good points coming following the announcement. The opposite belongings included within the ETF had been largely flat other than XRP, which is down 2% to $2.29, per information from CoinGecko.