Truth Social, the media platform founded by U.S. President Donald Trump, has entered the crypto investment arena with a new ETF filing focused on top digital assets.
According to Bloomberg ETF analyst Eric Balchunas, the company has submitted an application with the U.S. Securities and Exchange Commission for a product called the “Truth Social Crypto Blue Chip ETF.”
The proposed fund would offer exposure to a curated basket of leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO).
Initial allocation plans suggest a heavy weighting toward Bitcoin, which would make up 70% of the fund’s portfolio. Ethereum follows with 15%, while Solana, Cronos, and XRP round out the basket with 8%, 5%, and 2% respectively.
If approved, the ETF would mark a significant move into crypto by a high-profile media company and could signal broader mainstream ambitions tied to the Truth Social brand.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/trump-linked-truth-social-files-for-crypto-blue-chip-etf/