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3h ago

Trump Media Files for Truth Social Crypto Blue Chip ETF

The SEC filing details a fund split 70% to Bitcoin with the remainder in a basket of other tokens under Crypto.com custody.

FILE - In this April 3, 2013 photo, a 25 Bitcoin token is displayed in Sandy, Utah. (AP Photo/Rick Bowmer, File)
FILE - President Donald Trump speaks to the media, Friday, June 27, 2025, in the briefing room of the White House in Washington. (AP Photo/Jacquelyn Martin, File)
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Overview

  • Trump Media & Technology Group has named Crypto.com as the ETF’s custodian, prime execution agent and liquidity provider.
  • The filing marks the company’s third digital-asset fund application after its spot Bitcoin and Bitcoin-Ethereum ETFs.
  • The proposed ETF will allocate 70% of assets to Bitcoin with the remainder held in Ether, Solana, Cronos and XRP.
  • The launch supports TMTG’s Truth.Fi brand as it aims to diversify income after Truth Social posted $821,000 in Q1 revenue against a $30 million loss.
  • Earlier this year TMTG raised $2.3 billion for a corporate Bitcoin treasury and approved a $400 million share buyback.