Trump’s Truth Social Files for a Blue Chip Crypto ETF With 5 Tokens
Truth Social's latest filing for an ETF, focused on Bitcoin and several altcoins, highlights its push to expand Trump's crypto empire amid regulatory uncertainty.
Trump Media’s Truth Social filed for an ETF today following its recent campaign of SEC applications. This product primarily focuses on Bitcoin, including several other assets like Solana and Cronos.
Altcoin basket ETFs currently exist in legal limbo, as Grayscale’s application recently got SEC approval and an unorthodox hold on trading. Truth Social’s path to regulated exchanges is currently unclear.
Trump’s Newest Altcoin ETF
Truth Social, a key piece of President Trump’s crypto empire, has prepared ETF launch plans for several months now. In early June, NYSE Arca filed a Form 19b-4 to launch a Bitcoin ETF under the firm’s branding.
Today’s new filing takes more of a basket approach, containing several prominent altcoins in addition to BTC:
New filing for the Truth Social Crypto Blue Chip ETF, which will be a spot crypto basket holding Bitcoin, Ether, Solana, XRP and Cronos pic.twitter.com/Bs0cEGNbdb
— Eric Balchunas (@EricBalchunas) July 8, 2025
According to the SEC filing, Truth Social’s new product would primarily be a Bitcoin ETF. 70% of its allocation would go to this asset, 15% to ETH, 8% to SOL, 5% to Cronos (CRO), and 2% to XRP. The company recently attempted to create a joint BTC/ETH ETF, so this altcoin diversification is steadily increasing.
At first, it seems a little odd that Cronos would occupy such a prominent position in the ETF, more than double XRP’s allocation. Ripple is firmly aligned with the President, and XRP is a much more prominent token than CRO.
However, friction between Trump and Ripple sprouted recently, and Truth Social specifically signed a deal with Crypto.com to promote altcoin ETFs. When considering these two points, the Cronos inclusion seems more legible.
Also, CRO price jumped more than 15% following the news.
Cronos Price Chart. Source:
BeInCrypto
Nonetheless, Truth Social may face a few obstacles in bringing another ETF to Trump’s crypto empire. Last week, the SEC theoretically approved an altcoin basket ETF, but put a stay on actual trading immediately afterward.
This product now exists in a legal limbo without regular approval deadlines, and Truth Social could face similar issues.
Meanwhile, the ETF will be structured as a Nevada business trust, a legal setup often used for investment funds. This makes it easier to manage the ETF and can help reduce legal and tax complications compared to other business types.
For now, this filing reflects Trump’s business interest in continued ETF expansion. As long as that trend continues, eventual approval seems likely.
The SEC has signaled its willingness to play ball with new products in several ways, even developing a streamlined approval process for altcoin ETF filings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As economic cracks deepen, bitcoin may become the next liquidity "release valve"
The US economy is showing a divided state, with financial markets booming while the real economy is declining. The manufacturing PMI continues to contract, yet the stock market is rising due to concentrated profits in technology and financial companies, resulting in balance sheet inflation. Monetary policy struggles to benefit the real economy, and fiscal policy faces difficulties. The market structure leads to low capital efficiency, widening the gap between rich and poor and increasing social discontent. Cryptocurrency is seen as a relief valve, offering open financial opportunities. The economic cycle oscillates between policy adjustments and market reactions, lacking substantial recovery. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively updated by the Mars AI model.
The wave of cryptocurrency liquidations continues! US Bitcoin ETF sees second highest single-day outflow in history
Due to the reassessment of Federal Reserve rate cut expectations and the fading rebound of the U.S. stock market, the crypto market continues to experience liquidations, with significant ETF capital outflows and options traders increasing bets on volatility. Institutions warn that technical support for bitcoin above $90,000 is weak.
When traditional financial markets fail, will the crypto industry become a "pressure relief valve" for liquidity?
As long as the system continues to recycle debt into asset bubbles, we will not see a true recovery—only a slow stagnation masked by rising nominal figures.
A Quiet End to 2025 Could Prime Crypto for a 2026 Breakout, Analysts Say
Trending news
MoreCrypto prices
More
