Truth Social Submits Application for Major Cryptocurrency ETF Featuring BTC, ETH, XRP, and SOL

Trump Media & Technology Group (TMTG), the parent organization of Truth Social, has submitted an S-1 registration statement to the U.S. Securities and Exchange Commission for a “Blue Chip crypto” exchange-traded fund (ETF).

The suggested investment trust will mainly consist of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cronos (CRO), the native token of the Cronos blockchain linked to the Crypto.com exchange.

The SEC has recognized the filing, indicating that it is currently under review, as noted in a submission from July 8.

Source: Sec.gov

Truth Social ETF Portfolio Structure and Crypto.com partnership

The ETF’s composition is expected to be approximately 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP by value.

If approved, the ETF will be listed and traded on NYSE Arca, although the ticker symbol for the fund has not yet been disclosed.

“the Trust’s allocation of its assets to the Portfolio Assets (the “allocation ratio”) is initially expected to approximate percentages by value of 70% bitcoin, 15% ether, 8% SOL, 5% CRO and 2% XRP.”

— Eric Balchunas (@EricBalchunas) July 8, 2025

The anticipated ETF is designed to operate as a passive investment vehicle, mirroring the market values of its underlying cryptocurrencies without utilizing leverage, derivatives, or speculative trading methods.

The fund will also participate in staking for assets like Ethereum, Solana, and Cronos, enabling it to earn staking rewards.

Truth Social had previously applied for a spot Bitcoin ETF in June, followed by a request for a Bitcoin and Ethereum combination ETF.

Similar to those registration statements, the “Truth Social Crypto Blue Chip ETF” is sponsored by Yorkville America Digital, while Foris DAX Trust Company will act as the custodian for digital assets, as stated in the filing.

Furthermore, Crypto.com will serve as the ETF’s exclusive Bitcoin custodian, prime execution agent, and liquidity provider.

Earlier reports suggested a partnership between TMTG and Singapore-based Crypto.com to introduce “Made-in-America” ETFs.

The media platform entered into a non-binding agreement to provide a series of exchange-traded products (ETPs) and funds (ETFs) on the Cronos blockchain-owned exchange.

The inclusion of CRO in the investable ETFs seems to affirm Crypto.com’s role in the initiative.

Significantly, the announcement of the recent filing had a notably larger effect on CRO compared to other Truth Social blue-chip cryptocurrencies.

The asset rose over 20% to a monthly peak of $0.09886, while Bitcoin, Ethereum, XRP, and Solana only saw increases ranging from 1.08% to 3.6% during the same timeframe.

Source: Coingecko

TMTG’s Broader Digital Asset Strategy Amid President Trump’s Growing Crypto Fortune

The SEC’s potential approval follows the confirmation by Truth Social’s parent company of its digital asset strategy, which includes a Bitcoin treasury initiative.

On May 30, the company revealed it had secured $2.44 billion through a private placement involving nearly 50 institutional investors.

The SEC has approved Trump Media and Technology Group’s (TMTG) registration statement linked to a $2.3 billion Bitcoin treasury initiative. #Trump #TruthSocialhttps://t.co/ybidUAZtqb

— Cryptonews.com (@cryptonews) June 14, 2025

The funding round comprised 55.9 million shares at $25.72 and $1 billion in zero-coupon convertible notes, with proceeds allocated for Bitcoin acquisition and general operations.

In a May 27 announcement, TMTG President and CEO Devin Nunes characterized Bitcoin as “an apex instrument of financial freedom,” asserting that it would become a fundamental part of the company’s asset base.

On the same day, Arkham Intelligence posted on X: “Donald Trump’s company, Trump Media, will buy $2.5 BILLION of Bitcoin. Is Trump about to go Saylor Mode?”, referencing MicroStrategy’s executive chairman and his aggressive Bitcoin strategy.

Moreover, President Trump seems to be significantly benefiting from these cryptocurrency endeavors.

A July 2 Bloomberg report indicated that Trump and his family have reportedly gained over $620 million from recent cryptocurrency activities, with Trump’s exclusive crypto holdings now representing around 9% of his estimated $6 billion fortune as of June.

The Trump family has seen crypto holdings rise to $620M+, driven by memecoin, token sales, and a 20% Bitcoin stake. #Cryptocurrency #TrumpMediahttps://t.co/ReXDfVB0wT

— Cryptonews.com (@cryptonews) July 2, 2025

Aside from the Truth Social-related ventures, the bulk of this wealth is connected to his family-backed firm, World Liberty Financial, and the introduction of his personal meme coin, TRUMP.

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