trump


Trump Media & Technology Group, the Florida-based company behind Truth Social, has filed with the U.S. Securities and Exchange Commission (SEC) to launch a “Crypto Blue Chip ETF” later in 2025. The proposed ETF aims to provide investors exposure to five major cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). This move marks a significant expansion of President Donald Trump’s crypto-related ventures, aligning with his administration’s push for a crypto-friendly regulatory environment. [Source: The Hindu]

Details of the Crypto Blue Chip ETF

The Truth Social Crypto Blue Chip ETF will allocate its assets as follows: 70% in Bitcoin, 15% in Ethereum, 8% in Solana, 5% in XRP, and 2% in Cronos (CRO). Crypto.com will act as the custodian, while Yorkville America Digital will sponsor the ETF. Shares will trade on NYSE Arca. This portfolio aims to let investors gain crypto exposure without directly holding the coins. [Source: The Block]

Previous ETF Attempts by Trump Media

This isn't the first ETF filing from Trump Media. In June 2025, it filed for a spot Bitcoin ETF, then a Bitcoin & Ethereum combo ETF. Earlier in the year, it partnered with Crypto.com and Yorkville America Digital to roll out “America-First” ETFs under the TruthFi brand. These aimed to infuse $250M from Trump Media. Whether the company proceeds with earlier filings is still uncertain. [Source: Reuters]

SEC’s New Crypto-Friendly Stance

The SEC’s recent softening on crypto reflects the Trump administration’s approach. Many enforcement actions were dropped, and new guidelines suggest more openness. This shift follows Trump’s changed stance on crypto, aided by heavy industry donations including from Ripple. However, ETF approvals are still subject to review. [Source: AP News]

Political and Ethical Concerns

The filing has stirred political controversy. Critics argue Trump’s crypto ventures blur the line between business and public policy. In May 2025, Trump Media revealed a $2.3B Bitcoin treasury plan. Some crypto advocates worry his involvement could politicize the space. Trump, however, claims he wants to make the U.S. the global crypto leader. [Source: The Week]

Potential Market Impact

If approved, this ETF could boost the legitimacy of crypto investing. With 70% weight in Bitcoin and the rest in Ethereum, Solana, XRP, and CRO, the fund offers diversified exposure. However, political associations with Trump may both attract and repel investors. Market risks remain high, especially due to crypto’s volatility. [Source: Investopedia]

As the SEC reviews this filing, the crypto world is watching closely. Stay connected with Daily Affairs Hub for breaking updates in politics, crypto, and finance.

Trump Media’s Bitcoin ETF Filing: What You Need to Know
U.S. Crypto Regulations: A Shifting Landscape