Latest Cryptocurrency Market News – Trump Media & Technology Group (TMTG), the parent company of Truth Social, filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the “Truth Social Crypto Blue Chip ETF,” a fund designed to track a basket of leading cryptocurrencies.
The proposed ETF, set to list on NYSE Arca if approved, will allocate approximately 70% to Bitcoin (BTC), 15% to Ethereum (ETH), 8% to Solana (SOL), 5% to Cronos (CRO), and 2% to XRP, offering investors exposure to digital assets without direct ownership.
This filing marks TMTG’s boldest foray into the crypto market, aligning with a broader strategy to establish a crypto investment franchise under its Truth.Fi fintech arm.
Managed by Yorkville America Digital and with Crypto.com’s Foris DAX Inc. as custodian and liquidity provider, the ETF aims to capitalize on the growing mainstream interest in cryptocurrencies.
The inclusion of CRO, the native token of Crypto.com’s Cronos blockchain, reflects a $2.7 billion partnership announced in March 2025, which positions Crypto.com as the backbone for Truth Social’s crypto funds.
The ETF’s structure, issuing shares in blocks of 10,000 through authorized broker-dealers, ensures its price tracks the underlying assets’ net asset value, calculated daily using benchmarks like the CME CF Bitcoin reference rate.
The filing follows TMTG’s earlier ETF applications, including a Bitcoin-only fund and a Bitcoin-Ethereum dual fund, both acknowledged by the SEC in July 2025.
These moves coincide with TMTG’s $2.3 billion Bitcoin treasury initiative, funded through a $2.44 billion private placement involving nearly 50 institutional investors.
The company’s “America-First” branding positions these products as patriotic investment vehicles, challenging traditional financial institutions.
However, the SEC’s review process, which could take months, faces hurdles due to historical concerns over crypto market volatility, liquidity gaps, and potential manipulation.
The market reacted notably to the CRO inclusion, with the token surging 16-20% to $0.09886, driven by its role in the ETF and Crypto.com’s custodial services.
In contrast, XRP dipped 2% to $2.29, while BTC, ETH, and SOL remained relatively flat, highlighting CRO’s unique market sensitivity to the announcement.
Analysts, including Bloomberg’s Eric Balchunas, view the ETF’s allocation as a reflection of TMTG’s crypto priorities, with Bitcoin’s dominance underscoring its perceived store-of-value status.
TMTG’s crypto push comes amid a competitive ETF landscape, with BlackRock’s iShares Bitcoin Trust ETF managing over 700,000 BTC.
The SEC’s recent guidelines for crypto ETFs, part of a Trump administration’s crypto-friendly stance, could streamline approvals, but critics like Senator Elizabeth Warren warn of insufficient consumer protections.
As Truth Social diversifies into financial services, its ETF could redefine how media companies engage with digital assets, though regulatory and market risks remain significant.
