Trump Media files for 'Crypto Blue Chip ETF' with SEC
Source: Associated Press
Trump Media files for ‘Crypto Blue Chip ETF’ with SEC
By ALAN SUDERMAN
Updated 12:16 PM EDT, July 8, 2025
President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies.
Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the “Crypto Blue Chip ETF” later this year.
The proposed ETF would have 70% of its holdings in bitcoin, the world’s most popular cryptocurrency, 15% in ethereum, the second-most popular, and 8% in solana, a cryptocurrency popular in the meme coin community. The fund would hold 5% in the cryptocurrency developed by the company Ripple and 2% in the crypto created by the exchange Crypto.com, which will act as the ETF’s digital custodian.
Trump Media previously announced plans for a crypto ETF with just bitcoin and ethereum. It’s unclear if the company plans to move forward with that ETF offering. Trump Media did not immediately return a request for comment.
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Read more: https://apnews.com/article/trump-media-crypto-etf-bitcoin-ripple-fb17cef26a8ff211a7a410cbdb8013fe
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