U.S. President Donald Trump’s Media & Technology Group (NASDAQ: DJT) has filed to list a new crypto exchange-traded fund (ETF) that would track a selection of digital assets, the latest in a string of such efforts tied to the Trump brand.
The proposed “Truth Social Crypto Blue Chip ETF” would hold a portfolio of five tokens: bitcoin (BTC), ether (ETH), solana (SOL), XRP (XRP) and cronos (CRO), according to a filing with the SEC. Eighty-five percent of the fund’s holdings would be split between bitcoin and ether. Solana would make up 8%, cronos 5% and XRP 2%.
The ETF is being launched in partnership with Yorkville America Digital, the same asset manager backing Trump Media’s earlier filings for a combined Bitcoin and Ether ETF, as well as a standalone bitcoin fund. The SEC acknowledged the dual BTC-ETH ETF application on Monday, a step that initiates its review.
Crypto.com’s custody arm, Foris DAX Trust Company, will serve as the fund’s custodian, responsible for safekeeping the underlying crypto assets.
The S-1 registration filed with the SEC is one of two key documents required for an ETF to move forward. The next step lies with the exchange seeking to list the product, which must file a 19b-4 with the SEC. That submission would legally bind the regulator to a review timeline.
This would mark at least the third crypto ETF attempt tied to Trump Media or related entities, signaling an intent to establish a broad crypto investment franchise.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.