Trump's Truth Social makes applications for Spot Crypto ETF with 5 cryptocurrencies

Truth Social, the media company associated with US President Donald Trump, has taken a brave step into the area of digital assets with a new application for a stock market-traded Spot cryptocurrency fund (ETF).

The proposed Product With the name Truth Social Crypto Blue Chip ETF, a portfolio of leading cryptocurrencies is to map and offer direct market engagement via a regulated investment instrument.

The ETF application, which was submitted to the US Securities and Exchange Commission (SEC) on July 8, outlines a passive fund composition with an allocation of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% cronos and 2% XRP. He would be noted at the NYSE Arca, subject to official approval, although the official trading symbol has not yet been announced.

Focus on simplicity and return yields

The Truth Social ETF is designed as a non -levered, passive investment tool and would avoid complex trade strategies or derivatives. Instead, he will directly reproduce the market value of the underlying cryptocurrencies and, if necessary, participate in the returns – especially for Ethereum, Solana and Cronos. This staking element is intended to improve the generation of yield and at the same time maintain transparency.

The fund's assets are surely kept by the Foris Dax Trust Company, the institutional arm of Crypto.com, which serves as the primary custodian of the ETF.

If it is approved, Truth would enter the platform connected to Trump into a small but growing list of companies that offer diversified crypto engagement via traditional financial channels. It also underlines a broader trend that political and institutional actors enter into the ecosystem of digital assets.

Alexander has been working in the crypto industry for three years and has made a name for himself during this time through his active participation in observing the market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional obligation, but a deep personal passion. He follows the news from the industry every day, analyzes trends and is enthusiastic about every new step in the development of blockchain solutions. His enthusiasm drives him to constantly learn and share his knowledge because he sees the future in the digital financial world and its role in global transformation.