Truth Social Looks to Launch a Crypto ETF Tracking Major Tokens
The parent of Truth Social, Trump Media & Technology Group (TMTG), has applied to launch a crypto ETF that will be tied to a collection of digital currencies. The “Truth Social Crypto Blue Chip ETF,” according to the announcement, will provide exposure to BTC, ETH, SOL, XRP and CRO through a single regulated investment vehicle.
According to the S-1 registration statement, filed with the U.S. Securities and Exchange Commission, the ETF will be registered in Nevada as a business trust and will hold actual cryptocurrencies. The proposed asset allocation is 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP. The custodian will hold the digital assets, and any changes to the allocation will require regulatory approval and an amended filing.
Bringing Crypto to Traditional Markets
After approval, the ETF will be listed on NYSE Arca, allowing investors to access crypto via their traditional brokerage accounts. The fund will not be classified as a registered investment company or a commodity pool regulated by the Commodity Futures Trading Commission (CFTC).
To maintain price alignment with underlying crypto assets, shares will be created and redeemed in lots of 10,000 units through authorized participants.
Sponsor Yorkville America Digital will lead the ETF initiative, with Crypto.com expected to act as custodian and execution partner, providing services like staking and liquidity.
Building on Prior ETF Efforts
This new filing follows Truth Social’s earlier ETF applications, including a spot Bitcoin ETF and a dual Bitcoin-Ethereum ETF. The previous dual-asset proposal aimed to allocate 75% to Bitcoin and 25% to Ethereum, also backed by Crypto.com.
The SEC confirmed that the filing was submitted on July 8 and the review process has commenced. If approved, TMTG will join a growing list of firms benefiting from surging ETF popularity.
ETF Momentum Continues
The push for crypto ETFs highlights a broader shift in the financial industry, where investors are increasingly seeking regulated exposure to digital assets. Since the approval of the first spot Bitcoin ETFs in early 2024, total inflows into these funds have exceeded $50 billion.
According to Matt Hougan, CIO of Bitwise Asset Management, Ethereum ETFs alone are projected to attract $10 billion in inflows during the second half of 2025.
By introducing a diversified, multi-asset “blue chip” ETF, Truth Social aims to give investors broader exposure beyond Bitcoin and Ethereum, reinforcing its position in the expanding digital asset space. As regulatory reviews progress, the launch could mark a significant moment in bridging traditional finance and the crypto world.
