Trump’s Truth Social Shakes Up Crypto: Files for Blue-Chip ETF Packed With 5 High-Potential Tokens

Truth Social just dropped a bombshell on the crypto space—filing for a blue-chip ETF that could legitimize digital assets in mainstream finance. Here's the breakdown.

Trump's platform isn't playing small ball. Their proposed ETF targets five handpicked tokens, signaling a bullish bet on crypto's institutional future. No meme coins here—just strategic picks poised for long-term traction.

Wall Street's going to hate this. Another traditional finance stronghold gets 'disrupted'—though let's be real, they'll probably launch a copycat fund within six months.

One thing's clear: When political heavyweights dive into crypto ETFs, the game changes. Whether that's good or bad depends on how much you trust politicians with your portfolio.

Trump’s Newest Altcoin ETF

Truth Social, a key piece of President Trump’s crypto empire, has prepared ETF launch plans for several months now. In early June, NYSE Arca filed a Form 19b-4 to launch a Bitcoin ETF under the firm’s branding.

Today’s new filing takes more of a basket approach, containing several prominent altcoins in addition to BTC:

New filing for the Truth Social Crypto Blue Chip ETF, which will be a spot crypto basket holding Bitcoin, Ether, Solana, XRP and Cronos pic.twitter.com/Bs0cEGNbdb

According to the SEC filing, Truth Social’s new product would primarily be a bitcoin ETF. 70% of its allocation would go to this asset, 15% to ETH, 8% to SOL, 5% to Cronos (CRO), and 2% to XRP. The company recently attempted to create a joint BTC/ETH ETF, so this altcoin diversification is steadily increasing.

At first, it seems a little odd that Cronos would occupy such a prominent position in the ETF, more than double XRP’s allocation. Ripple is firmly aligned with the President, and XRP is a much more prominent token than CRO.

However, friction between TRUMP and Ripple sprouted recently, and Truth Social specifically signed a deal with Crypto.com to promote altcoin ETFs. When considering these two points, the Cronos inclusion seems more legible.

Also, CRO price jumped more than 15% following the news.

Nonetheless, Truth Social may face a few obstacles in bringing another ETF to Trump’s crypto empire. Last week, the SEC theoretically approved an altcoin basket ETF, but put a stay on actual trading immediately afterward.

This product now exists in a legal limbo without regular approval deadlines, and Truth Social could face similar issues.

Meanwhile, the ETF will be structured as a Nevada business trust, a legal setup often used for investment funds. This makes it easier to manage the ETF and can help reduce legal and tax complications compared to other business types.

For now, this filing reflects Trump’s business interest in continued ETF expansion. As long as that trend continues, eventual approval seems likely.

The SEC has signaled its willingness to play ball with new products in several ways, even developing a streamlined approval process for altcoin ETF filings.