US EditionTrump Media Files for 'Crypto Blue Chip ETF' with SEC
UNITED STATES, JUL 8 – The Truth Social Crypto Blue Chip ETF seeks SEC approval to offer diversified crypto exposure weighted 70% to Bitcoin and 15% to Ethereum, amid rising institutional interest.
- Trump Media & Technology Group submitted documents to the SEC on Tuesday seeking approval to introduce the Crypto Blue Chip ETF before the end of this year.
- This filing follows Trump’s prior crypto ETF plans and aligns with the administration’s push for crypto-friendly regulations and dropped enforcement actions.
- The proposed ETF would hold 70% bitcoin, 15% ethereum, 8% solana, 5% XRP, and 2% cronos, with Foris DAX Trust Company as the custodian.
- During a recent press event, Trump rejected claims about his family’s investments and emphasized that if the U.S. did not pursue cryptocurrency initiatives, China would take the lead.
- It remains unclear if Trump Media plans to proceed with the ETF, raising concerns about credibility and the impact on the crypto industry's stability.
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readingeagle+23 Reposted by 23 other sources
Trump Media files for ‘Crypto Blue Chip ETF’ with SEC
By ALAN SUDERMAN, AP Business Writer 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 th…
·United States
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President Donald Trump continues to expand his cryptocurrency offerings, this time with an exchange-traded fund tied to the prices of five popular cryptocurrencies.
·Calhoun, United States
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Total News Sources74
Leaning Left4Leaning Right5Center32Last UpdatedBias Distribution78% Center
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78% Center
C 78%
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