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Truth Social, under Trump Media & Technology Group, has filed with the SEC to launch a new crypto-focused ETF called the Truth Social Crypto Blue Chip ETF. Sponsored by Yorkville America Digital, the fund will track five major digital assets — Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%).
The ETF is set to list on NYSE Arca and will be rebalanced quarterly to maintain its target allocations. Foris DAX Inc., an affiliate of Crypto.com, will serve as the liquidity provider and rebalancing agent. CF Benchmarks will provide pricing data using CME indices. Shares will be issued in blocks of 10,000, with cash creations and redemptions allowed at launch. In-kind transactions may be permitted later, pending SEC approval.
This filing is part of a broader push by Trump Media and Yorkville to expand into the crypto space. They are also seeking approval for two more ETFs — the Truth Social Bitcoin ETF and the Truth Social Bitcoin & Ethereum ETF.
