Trump Media Files for New 5-Asset Crypto ETF
- TMTG has filed a registration for a multi-crypto ETF with a 70% Bitcoin allocation.
- The fund would hold Bitcoin, Ether, Solana, Cronos and XRP in fixed ratios.
- The filing follows a recent NYSE rule change request for a separate Bitcoin-Ether ETF from TMTG.
Trump Media and Technology Group Corp. (DJT) has filed a registration statement for a crypto ETF that would hold five digital assets, expanding the company's push into exchange-traded products amid the president's expanding business ventures.
The Truth Social Crypto Blue Chip ETF represents Trump Media's latest effort to capitalize on crypto market growth while President Donald Trump promotes digital assets from the White House. The filing comes after the New York Stock Exchange sought permission from regulators to change rules that would allow Trump Media to list a separate Bitcoin and Ethereum fund.
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According to the registration statement filed Tuesday with the Securities and Exchange Commission, the new fund would allocate 70% of its assets to Bitcoin, 15% to Ether, 8% to Solana, 5% to Cronos and 2% to XRP, offering investors exposure to multiple crypto assets through a single ETF.
The proposed fund would be sponsored by Yorkville America Digital and custodied by Foris DAX Trust Company, an affiliate of Crypto.com, according to the filing. Trump Media controls the "Truth Social" branding under a licensing agreement with the sponsor.
Crypto.com would serve multiple roles for the ETF, acting as digital asset custodian, prime execution agent, staking provider and liquidity provider, according to the filing.
The ETF would track reference prices calculated by CF Benchmarks for each of the five crypto assets, according to the registration statement. The fund plans to rebalance quarterly to maintain its target allocation ratios. Individual shares would trade on NYSE Arca.
Trump Media filed registration statements in June for two other crypto ETFs—a Bitcoin-only fund and a Bitcoin-Ethereum combination fund. The NYSE's rule change request for the Bitcoin-Ethereum ETF aims to prevent "fraudulent and manipulative acts," according to the Tuesday filing.
The company previously filed trademark applications for three exchange-traded funds under its Truth.Fi brand, including the Truth.Fi Made in America ETF, the Truth.Fi U.S. Energy Independence ETF and the Truth.Fi Bitcoin Plus ETF.
