US President Donald Trump’s Media Technology Group (NASDAQ: DJT) Apply for listing new cryptocurrency trading funds (ETF) This will track a range of digital assets, the latest in a series of efforts related to the Trump brand.
The proposed “Truth Social Crypto Blue Chip ETF” will have a portfolio of five tokens: Bitcoin
,ether (ETH)Solana (Sol)XRP (XRP) and cronos (CRO),,,,, According to documents submitted to the SEC. Eighty-five percent of the fund’s holdings will be distributed between Bitcoin and Ethereum. Solana will account for 8%, Cronos 5%, and XRP 2%.
ETFs are launching in partnership with Yorkville American Digital, the asset manager supports Trump media’s earlier documents on Bitcoin and Ether ETFs, as well as independent Bitcoin funds. The SEC acknowledged the dual BTC-ETH ETF application on Monday, a step that initiated its review.
Foris Dax Trust Company, Crypto.com’s custody unit, will serve as the custodian of the fund, responsible for protecting underlying crypto assets.
S-1 registration submitted to the SEC is one of two key documents required for the ETF to move forward. The next step is that the exchange seeks to list the product, which must submit 19b-4 to the SEC. The submission will legally link regulators to the review schedule.
This will at least mark the third attempt at crypto ETFs related to Trump’s media or related entities, indicating the intent to establish a wide range of crypto investment franchises.
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