Truth Social files S-1 for ‘Crypto Blue Chip ETF,’ tracking top assets
Truth Social has filed to launch a crypto ETF tracking BTC, ETH, SOL, CRO and XRP, aiming to list on NYSE Arca after regulatory approval.
Trump Media’s Truth Social has filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking multiple blue-chip crypto assets.
According to a Tuesday filing, the “Truth Social Crypto Blue Chip ETF,” will track the performance of a basket of top crypto assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Cronos (CRO) and XRP (XRP).
The preliminary prospectus said the ETF will allocate 70% of its holdings to BTC, 15% to ETH, 8% to SOL, 5% to CRO and 2% to XRP. A custodian will hold the underlying assets, and any changes to the allocation ratio will require an amendment to the agreement and regulatory approval.
Read more
