Trump’s Truth Social Dives Into Crypto With ETF Filing: BTC, ETH, SOL, XRP, and CRO in the Mix
- What’s Inside Trump’s Truth Social Crypto ETF?
- Why Is Custody a Big Deal Here?
- How Does This Fit Into the Bigger ETF Landscape?
- What’s Next for Crypto Investors?
- FAQs: Truth Social’s Crypto ETF
Truth Social, the social media platform tied to former U.S. President Donald Trump, has filed with the SEC to launch a diversified crypto ETF—the "Truth Social Crypto Blue Chip ETF." The fund targets exposure to Bitcoin (70%), ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%), sparking a 12% surge in CRO’s price. Custody will be managed by Crypto.com’s institutional arm, while Yorkville oversees operations. The move aligns with broader SEC regulatory shifts but faces delays until fall 2025. Here’s the breakdown of what this means for crypto markets.
What’s Inside Trump’s Truth Social Crypto ETF?
The proposed ETF is a fixed-basket product, heavily weighted toward Bitcoin (70%)—a nod to its dominance—with Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2) rounding out the portfolio. Market reactions were immediate: CRO jumped 12% to a monthly high of $0.09202 (per TradingView data), while BTC and ETH saw muted moves. The fund’s passive strategy avoids leverage but includes staking for ETH, SOL, and CRO, potentially boosting yields. Notably, this follows Trump Media’s earlier Bitcoin-only ETF filing, signaling a strategic push into crypto.
Why Is Custody a Big Deal Here?
Security is paramount, and the ETF hands custody to Foris DAX Trust (Crypto.com’s institutional arm), a player with deep crypto-security credentials. Yorkville, the sponsor, will handle regulatory compliance, while CF Benchmarks—a crypto-indexing heavyweight—provides pricing data. The inclusion of in-kind transactions (swapping crypto for ETF shares) could streamline liquidity if approved. But let’s be real: the SEC’s slow-walking means no greenlight until fall 2025, per analyst Nate Geraci’s tweet.
How Does This Fit Into the Bigger ETF Landscape?
Truth Social’s filing isn’t happening in a vacuum. The SEC is overhauling crypto-ETF rules, potentially easing institutional adoption. Yet, as Geraci notes, issuers expect delays—so don’t hold your breath for summer approvals. Meanwhile, the ETF’s staking twist (hello, ETH rewards!) and NYSE Arca listing plans add credibility. For context, BTCC analysts highlight that similar products in Europe saw 20% inflows post-launch—but U.S. regulators remain the gatekeepers.
What’s Next for Crypto Investors?
Watch the SEC’s timeline. If approved, this ETF could democratize blue-chip crypto exposure without direct ownership hassles. But with CRO’s volatility (up 12% today, down 8% last week, per CoinGlass), diversification is key. Pro tip: Track staking yields—they could offset market dips. And remember, as one BTCC trader quipped, “In crypto, even TRUMP tweets move markets.”
FAQs: Truth Social’s Crypto ETF
What cryptocurrencies are in the ETF?
Bitcoin (70%), Ethereum (15%), solana (8%), Cronos (5%), and XRP (2%).
When will the ETF launch?
Pending SEC approval, likely not before fall 2025 due to regulatory delays.
How does staking work in the ETF?
The fund will stake ETH, SOL, and CRO to generate additional rewards for shareholders.
Who manages the ETF’s custody?
Foris DAX Trust (Crypto.com’s institutional arm) handles asset security.