Trump Media Files ETF for Bitcoin, Ether, Solana
Trump Media Files ETF for Bitcoin, Ether, Solana

Trump Media Files ETF for Bitcoin, Ether, Solana

News summary

Trump Media & Technology Group, owned by former President Donald Trump, has filed its third application for a 'Crypto Blue Chip' ETF to be listed on NYSE Arca, which would primarily hold Bitcoin and Ether but also include Solana, XRP, and Cronos. If approved, this would be the first U.S. ETF to directly include Solana and XRP. The application is under formal review by the SEC, which is also considering an automated framework for future spot-crypto ETF approvals. Crypto.com’s Foris DAX Trust Company will handle custody, with assets stored securely in cold storage and segregated from other client funds. The filing highlights Trump Media's ambition to expand in the digital asset ETF space and comes amid increased scrutiny over potential conflicts of interest due to Trump’s pro-crypto policy stance. The move occurs as the SEC continues to delay decisions on other spot-crypto ETF proposals, such as Fidelity’s Solana fund.

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