- 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 function as a passive investment vehicle, aiming to mirror the performance of the selected assets before expenses.
Shares will be issued in blocks of 10,000 units, which authorized participants can create or redeem. Initially, the fund will support only cash creations and redemptions. In-kind transactions may follow, pending regulatory approval.
SEC Acknowledges Truth Social Bitcoin and Ethereum ETF Filing
This diversified fund joins two other previously filed crypto ETFs from TMTG. The SEC has already officially acknowledged the application for the Truth Social Bitcoin and Ethereum ETF, a separate product that proposes a 75% allocation to Bitcoin and 25% to Ethereum. This acknowledgment starts the regulatory review clock for the combined ETF product, which would be listed on NYSE Arca.
For the dual-asset ETF, Yorkville America Digital is the fund’s sponsor, while Foris DAX Trust Company, doing business as Crypto.com, will serve as the custodian. The firm will hold Bitcoin and Ethereum in cold storage, keeping assets in segregated accounts from customer funds.
Related: Bitcoin ETFs See First $1B+ Exodus Since March; Truth Social Files for Own BTC Fund
According to the S-1 filing submitted on June 16, the fund will use CME CF Benchmark rates to calculate the daily net asset value—specifically the Bitcoin Reference Rate and Ether Reference Rate. The sponsor retains the discretion to change the Ether valuation methodology if needed.
This dual-asset ETF joins the previously proposed Truth Social Bitcoin ETF, which focuses solely on Bitcoin. Together, these filings mark the first crypto ETFs tied to a Trump-linked media entity.
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