Which Cryptocurrencies Will the Trump Media Crypto ETF Include?

Truth Social, the social media platform under Trump Media & Technology Group (TMTG), filed a new registration with the U.S. Securities and Exchange Commission (SEC) for a crypto investment product: the Truth Social Crypto Blue Chip ETF on July 8.

The move will allow the Trump-backed company to compete in a booming crypto ETF market that has already seen nearly $50 billion in spot Bitcoin ETF inflows this year alone. With the latest filing, investors can passively gain exposure to a diversified basket of major cryptocurrencies.

The ETF will be sponsored by Yorkville America Digital LLC and will initially include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO), and Ripple (XRP), tracking them at weightings of 70%, 15%, 8%, 5%, and 2%, respectively. If approved, it will be listed on NYSE Arca.

A Strategic Mix of Leading Digital Assets

The ETF’s composition follows a calculated strategy: heavy exposure to Bitcoin and Ethereum, with smaller allocations to high-potential altcoins. These include Solana, known for its speed and scalability; Cronos, the native token of the Crypto.com ecosystem; and Ripple’s XRP, which continues to find use in cross-border payments.

Truth Social’s new fund aims to simplify access to these assets without the need for investors to directly manage private keys, wallets, or exchanges. It will operate as a passive trust, avoiding derivatives, leverage, or speculative strategies.

Importantly, the ETF will include a staking mechanism for Ethereum, Solana, and Cronos. Staking rewards will accrue to the fund's NAV without increasing risk exposure.\

In a show of institutional partnerships, Crypto.com has been tapped as the ETF’s exclusive Bitcoin custodian, prime execution agent, and liquidity provider. Foris DAX Trust Company will act as custodian for the other digital assets.

Earlier this year, Trump Media signed a binding agreement with Crypto.com and Yorkville America Digital to develop a family of crypto ETFs with a “Made-in-America” focus. 

One of Several Filings in Trump Media’s ETF Ambitions

The Crypto Blue Chip ETF is not the first crypto product filed by Truth Social and TMTG. In June, the firm submitted S-1 forms for two other products: a spot Bitcoin ETF, and a dual Bitcoin and Ethereum ETF with a 75/25 asset split.

More filings are reportedly on the horizon. According to Trump Media’s April update, the company is planning additional funds, including:

• America First Bitcoin Fund (AFBF)
• America First Blockchain Leaders Fund (AFBLF)
• America First Stablecoin Income Fund

Each of these is designed to appeal to conservative and nationalist investors aligned with Trump’s “America First” messaging, while also tapping into the growing appetite for crypto exposure in regulated markets.

Favorable Timing Amid Regulatory Tailwinds

The U.S. regulatory environment appears to be shifting in favor of digital assets. The SEC has already approved spot Bitcoin ETFs, and expectations are growing for the imminent approval of spot Ethereum ETFs.

Under a pro-crypto Trump administration, sentiment across the digital asset industry is optimistic. Asset managers like Bitwise, Grayscale, Franklin Templeton, and REX Shares have all filed for spot crypto ETFs targeting XRP, Solana, Dogecoin, and other tokens.

The recent SEC’s acknowledgment of Truth Social’s latest filing signals that it is now under official review. While no timeline is guaranteed, past approvals suggest a potential decision could come before the end of the year.

Riding on a Crypto Wave

Earlier this year, the company raised about $2.5 billion, part of which is earmarked to establish a Bitcoin treasury. Though no Bitcoin purchases have yet been confirmed, TMTG has reaffirmed its intent. It also announced a $400 million stock buyback to shore up investor confidence.

TMTG shares were trading at $19.12 at the time of the ETF filing, a 2.7% gain over the past 24 hours.

With billions already flowing into spot crypto ETFs and a clear demand for diversified crypto exposure, the timing seems to be right.

Recently, NYSE-listed DDC Enterprise has closed the first round of a $528 million capital raise, with all proceeds set aside for Bitcoin accumulation. Announced on July 1, the raise stands as one of the largest Bitcoin-focused financings by a non-crypto U.S. public company.