Trump Media and Technology Group is making another bold move into the cryptocurrency space, filing with federal regulators for a diversified crypto ETF that goes beyond traditional Bitcoin and Ethereum offerings.
The Truth Social parent company, co-founded by US President Donald Trump, submitted its registration statement for the “Crypto Blue Chip ETF” to the Securities and Exchange Commission, marking the firm’s third crypto fund application this year.
Strategic Portfolio Allocation
The proposed Truth Social Crypto Blue Chip ETF represents a carefully crafted investment strategy that balances established cryptocurrencies with emerging digital assets.
According to the S-1 filing submitted last Thursday, the fund will maintain a Bitcoin-heavy allocation of 70%, positioning the world’s largest cryptocurrency as its cornerstone holding. Ethereum, the second-largest digital asset, will comprise 15% of the portfolio, reflecting its dominant position in the smart contract and decentralized finance ecosystem.
The remaining allocation showcases Trump Media’s appetite for diversification within the crypto space. This strategic mix aims to capture growth across different segments of the digital asset market while maintaining exposure to established players.
Solana, known for its high-speed blockchain capabilities, will represent 8% of holdings, while Cronos, the native token of Crypto.com’s blockchain, will account for 5%. XRP, despite ongoing regulatory challenges, rounds out the portfolio with a 2% allocation.
If approved by regulators, the ETF will trade on NYSE Arca, with Yorkville America Digital serving as the fund sponsor. Crypto.com will play a crucial role as digital assets custodian and prime execution agent, while also providing staking and liquidity services for the fund. This partnership leverages Crypto.com’s institutional infrastructure to support the ETF’s operations.
Crypto ETF Success
Trump Media’s latest filing comes at a time when cryptocurrency-based investment products are experiencing unprecedented growth. Bitcoin ETFs have attracted nearly $50 billion in assets since their debut in January 2024, demonstrating strong institutional and retail investor appetite for regulated crypto exposure.
The timing appears strategic, as industry experts predict continued growth in the crypto ETF space. Bitwise CIO Matt Hougan recently forecasted that spot Ethereum ETFs could attract approximately $10 billion in the second half of 2025, indicating sustained investor interest in diversified crypto investment products.
Trump Media’s crypto ambitions extend beyond this single blue-chip crypto ETF offering. The company has filed for three distinct crypto funds this year, including the America First Bitcoin Fund, which focuses solely on Bitcoin, and another fund split 75% Bitcoin and 25% Ethereum. Additionally, the firm announced plans to raise $2.3 billion to establish a Bitcoin treasury, though it has yet to execute its first purchase.
The market has responded positively to these developments. Trump Media shares traded up roughly 2% following the announcement, while Cronos surged nearly 16% to $0.094, primarily driven by its inclusion in the proposed ETF. Other assets in the portfolio showed mixed performance, with XRP declining 2% to $2.29 while Bitcoin and Ethereum remained relatively stable.
