Truth Social Crypto ETF S-1 Filing Lists BTC and Altcoins

Truth Social Crypto ETF Targets Broad Access to Top Blue-Chip Tokens

Truth Social, the network attributed to the U.S. President Donald Trump, has formally submitted an S-1 form with the U.S. Securities and Exchange Commission (SEC). The submission is for a fresh investment vehicle, the Truth Social Crypto ETF.

What's Inside the Fund?

The Truth Social Crypto ETF will hold these digital currencies through a custodian. 

• Bitcoin (BTC): 70%

• Ethereum (ETH): 15%

• Solana (SOL): 8%

• Ripple (XRP): 2% 

• Cronos (CRO): 5% 

This Truth Social Crypto ETF is created to reflect the largest and most popular cryptocurrencies, commonly referred to as "blue-chip" tokens. It could provide U.S. investors with an alternative way to have exposure to these coins without actually holding them if approved.

Source: Wu Blockchain

It would be sponsored by Yolkville America Digital which is an asset management company and The investment vehicle is structured as a Nevada business trust. 

According to the filing, the trust’s shares will be listed on the New York Stock Exchange (NYSE) Arca after the approvals by regulators. 

The filing says this product would not be a registered investment fund and would not follow CFTC rules like a typical commodity product.

BTC and ETH, which already have U.S. ETFs approval, form the base. But the addition of SOL, XRP, and especially CRO makes this fund stand out. 

Bets Big Amid Bullish Crypto Investment Products Momentum 

The Truth Social Crypto ETF is not only a financial product, it's also a very political and business move. Because the organisation is connected to Donald Trump, this filing has been much sought after. Some investors might view it as a good thing, while some might approach cautiously given Trump's and his organisation’s history of controversy.

Nevertheless, the announcement indicates the way unconventional tech platforms are now venturing into finance. 

Earlier S-1 Filing Focused on Dual Bitcoin and Ethereum Exchange Traded Fund

Prior to its recent blue-chip basket action, In the middle of June, the platform unveiled a special ETF S-1 filing, targeting Bitcoin and Ethereum together. 

This application for Bitcoin and Ethereum Exchange Traded Fund was filed to the U.S SEC and this is also acknowledged by the SEC.

The real surprise was a plan to pursue two leading cryptocurrencies under one platform, which not all people could anticipate despite the authority enjoyed by a politically-supported platform. 

ETF Markets Heat Up as Trump's Organisation Joins the Race

The filing takes place when cryptocurrency ETFs are on the rise in the U.S. Bitcoin ETFs have witnessed heavy inflows while institutional investors are increasingly interested in Ethereum. Blackrock’s IBIT has crossed 700,000 BTC, which is a huge milestone. 

Consequently, SOL ($151, 1,44%), XRP ($2.30, 1.93%), and CRO (0.0936, 16%)  are also experiencing increasing prices due to speculation that they are next in line for the U.S. ETFs listings.

The Truth Social Crypto ETF feels timely. By adding these up-and-coming blue-chip tokens, this may be able to gain initial notice from investors and traders. 

Is This the Start of Mainstream Crypto Adoption?

Truth Social Crypto ETF, indicate that cryptocurrencies are becoming increasingly close to mainstream finance. Although ETFs allow regular investors to gain access to the market more easily, others still feel that buying tokens directly provides them with greater liberty and control.

The hype surrounding it demonstrates that investment products are fast becoming a serious aspect of the investment landscape. And with the endorsement of Trump's organisation behind it, this investment vehicle will definitely have a huge impact, politically, financially, and culturally.