Truth Social Files for Crypto ETF Targeting Top Coins

Key Takeaways:

• Truth Social files S-1 for crypto ETF tracking 5 top assets with BTC comprising 70%
• ETF expected to list on NYSE Arca after regulatory approval
• This marks Truth Social’s second attempt at creating crypto ETF products
• 10,000-share issuance/redemption structure helps maintain price close to underlying asset value

Trump Media & Technology Group (NASDAQ: DJT) has escalated its crypto strategy with an SEC filing for the Truth Social Crypto Blue Chip ETF. This marks the company’s second crypto ETF proposal within two weeks, targeting exposure to five major assets: Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%). The fund aims to list on NYSE Arca pending SEC approval – a critical step toward bridging crypto and traditional markets.

The ETF’s 70% Bitcoin weighting reflects a risk-conscious foundation, while smaller allocations to emerging assets like Solana and Cronos target growth potential. Third-party custodians will safeguard all assets, with any portfolio rebalancing requiring formal SEC amendments. Notably, 40% of holdings (SOL/XRP) face active SEC lawsuits – injecting regulatory uncertainty.

Truth Social ETF to List on NYSE Arca After Approvals

Per the filing, the trust’s shares will list on the New York Stock Exchange (NYSE) Arca following necessary regulatory approvals. This platform choice aligns with industry standards, as NYSE Arca currently hosts major Bitcoin ETFs like BlackRock’s IBIT.

Per the filing, the trust’s shares will list on the New York Stock Exchange (NYSE) Arca following necessary regulatory approvals. This platform choice aligns with industry standards, as NYSE Arca currently hosts major Bitcoin ETFs like BlackRock’s IBIT.

The ETF represents Truth Social’s latest effort to bridge crypto and traditional markets for both retail and institutional investors. Crucially, the fund operates outside conventional frameworks: it won’t register as an investment company nor fall under CFTC commodity pool rules.

Instead, a distinctive 10,000-share creation/redemption mechanism will be implemented through authorized broker-dealers. This structure—smaller than the standard 50,000-share ETF blocks—specifically addresses crypto volatility by minimizing price deviations from net asset value (NAV).

Truth Social’s Blue Chip ETF Follows BTC, ETH ETF Application

This filing builds on Truth Social’s June 16 S-1 submission for a dual-spot Bitcoin and Ether ETF. That earlier proposal allocated 75% to BTC and 25% to ETH, backed by Crypto.com assets. The SEC formally acknowledged that application on June 24, initiating its review clock. With two concurrent filings, Truth Social appears to be testing multiple regulatory pathways for crypto market access.

Industry analysts note the “Blue Chip” branding strategically positions the ETF against competitors like VanEck’s Solana-focused fund, while the 10,000-share model could appeal particularly to retail liquidity needs given Truth Social’s user base.