Truth Social Aims for Crypto ETF Dominance with ‘Blue Chip’ Fund

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Trump Media’s Truth Social is diving deeper into crypto with its newly filed “Crypto Blue Chip ETF,” designed to give investors exposure to top digital assets like Bitcoin, Ethereum, Solana, Cronos, and XRP.

The ETF’s proposed allocation is heavily weighted toward Bitcoin (70%), followed by Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%). A third-party custodian will safeguard the assets, with rebalancing subject to regulatory oversight.

Backed by Yorkville America Digital and structured as a Nevada trust, the fund is set to trade on NYSE Arca once approved. Notably, it avoids CFTC commodity pool regulations and will handle share creation/redemption in large blocks to minimize tracking errors.