Trump’s Truth Social Files for Crypto Blue Chip ETF Covering BTC, ETH, XRP, SOL, and CRO
- Trump Media filed for a Crypto Blue Chip ETF tracking BTC, ETH, SOL, XRP, and CRO.
- The SEC acknowledged a separate Bitcoin and Ethereum ETF proposal with 75% BTC and 25% ETH.
- Crypto.com will serve as custodian for both funds, storing assets in cold wallets with segregated accounts.
Trump Media & Technology Group (TMTG), the parent company of Truth Social, filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on Tuesday to register a new investment product: the Truth Social Crypto Blue Chip ETF.
ETF Targets Five Leading Cryptocurrencies
The proposed ETF will track five major digital assets: Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%). The fund will be rebalanced quarterly to maintain these targets and, if approved, will be listed on the NYSE Arca exchange.
Yorkville America Digital LLC is named as the sponsor for the fund. Foris DAX Inc., an affiliate of Crypto.com, will act as both the custodian for the assets and the fund’s liquidity provider. The pricing data for the ETF will rely on the CME-based CF Benchmarks indices.
Creation Units and Redemption Structure
According to the filing, the Trust will fun…
The post Trump’s Truth Social Files for Crypto Blue Chip ETF Covering BTC, ETH, XRP, SOL, and CRO appeared first on Coin Edition.
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Trump’s Truth Social Files for Crypto Blue Chip ETF Covering BTC, ETH, XRP, SOL, and CRO
- Trump Media filed for a Crypto Blue Chip ETF tracking BTC, ETH, SOL, XRP, and CRO.
- The SEC acknowledged a separate Bitcoin and Ethereum ETF proposal with 75% BTC and 25% ETH.
- Crypto.com will serve as custodian for both funds, storing assets in cold wallets with segregated accounts.
Trump Media & Technology Group (TMTG), the parent company of Truth Social, filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on Tuesday to register a new investment product: the Truth Social Crypto Blue Chip ETF.
ETF Targets Five Leading Cryptocurrencies
The proposed ETF will track five major digital assets: Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%). The fund will be rebalanced quarterly to maintain these targets and, if approved, will be listed on the NYSE Arca exchange.
Yorkville America Digital LLC is named as the sponsor for the fund. Foris DAX Inc., an affiliate of Crypto.com, will act as both the custodian for the assets and the fund’s liquidity provider. The pricing data for the ETF will rely on the CME-based CF Benchmarks indices.
Creation Units and Redemption Structure
According to the filing, the Trust will fun…
The post Trump’s Truth Social Files for Crypto Blue Chip ETF Covering BTC, ETH, XRP, SOL, and CRO appeared first on Coin Edition.
Read More
Trump Crypto Executive Orders: Kiyosaki Praises New 401(k) and Debanking Rules