Trump Media Files for Crypto Blue Chip ETF with SEC

Truth Social, the social media company owned by US President Donald Trump and operated by Trump Media & Technology Group, has filed with the U.S. Securities and Exchange Commission to launch a "Crypto Blue Chip ETF." This exchange-traded fund will invest primarily in five cryptocurrencies: Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and Ripple (2%), with shares intended to be listed on the NYSE Arca. The ETF will be sponsored by Yorkville America Digital, with Foris DAX Trust Company, an affiliate of Crypto.com, serving as custodian and liquidity provider, holding assets mostly in cold storage. The filing highlights the fund's passive strategy to track the price performance of these digital assets and its quarterly rebalancing to maintain target allocations. This move follows Trump Media's earlier filings for Bitcoin and Bitcoin-Ethereum ETFs and comes amid a broader push by multiple asset managers seeking SEC approval for spot crypto ETFs under the current pro-crypto Trump administration. The ETF has not yet received SEC approval, and trading cannot begin until regulatory clearance is granted.