Truth Social's Crypto ETF Plan Targets Major Digital Assets
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Truth Social's Crypto ETF Plan Targets Major Digital Assets

Donald Trump's media company proposes a new ETF focusing on Bitcoin, Ether, and other digital currencies as part of its expanding investment strategy.

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Overview

Donald Trump’s media arm has initiated the listing process for a crypto Exchange Traded Fund (ETF) that will include a selection of digital currencies. This ETF, the “Truth Social Crypto Blue Chip ETF,” aims to allocate roughly 85% of its holdings to Bitcoin and Ether, with additional investments in Solana, XRP, and Cronos.

Details

  • The fund is being managed by Yorkville America Digital, which is also overseeing previous ETF applications connected to Trump’s media company.
  • Assets will be safeguarded by Crypto.com’s custody services.
  • A subsequent filing with the SEC is required to commence the review process.

Fund Allocation

At least 85% of the fund’s capital will be devoted to Bitcoin and Ether, while investments in Solana, Cronos, and XRP will comprise 8%, 5%, and 2%, respectively.

Future Steps

The ETF’s ongoing development indicates an ambition to expand Trump Media’s presence in the crypto investment landscape. This follows other similar initiatives linked to the Trump brand in the digital asset domain.

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