Trump Media Shakes Up Crypto: Files for Multi-Asset ETF Packed with Bitcoin, Ethereum, Solana, XRP, and Cronos
Wall Street meets Web3 as Trump Media drops a bombshell ETF filing—diversified across five major cryptocurrencies. Because nothing says 'financial innovation' like mixing politics and digital assets.
The Big Guns Are In
Bitcoin, Ethereum, Solana, XRP, and Cronos—all under one ETF roof. Trump Media’s play isn’t just a nod to crypto’s rise; it’s a full-throated endorsement. The move could lure institutional money while giving retail investors a one-click basket of volatile assets. Genius or reckless? Depends on who’s holding the bag.
Why This Matters
Multi-asset crypto ETFs are rare, and this one’s got star power. Solana’s speed, Ethereum’s smart contracts, Bitcoin’s dominance—plus two controversial wildcards (XRP and Cronos). It’s either the ultimate diversification play or a regulatory nightmare waiting to happen.
The Cynic’s Corner
Nothing unites politicians and financiers like chasing a trend five years too late. But hey, at least the fees will be juicy.
TLDR
- Trump Media & Technology Group filed with SEC for “Truth Social Crypto Blue Chip ETF” containing five cryptocurrencies
- The fund allocates 85% to bitcoin and ethereum, with solana (8%), cronos (5%), and XRP (2%) making up the remainder
- Crypto.com’s custody arm will serve as custodian and provide staking and liquidity services for the ETF
- This marks the third crypto ETF filing from Trump-linked entities, following previous bitcoin-ethereum combination funds
- The filing requires additional exchange documentation before SEC review timeline begins
Trump Media & Technology Group has submitted paperwork to launch a new cryptocurrency exchange-traded fund that would include five major digital assets. The “Truth Social Crypto Blue Chip ETF” represents the latest crypto venture from President Donald Trump’s media company.
JUST IN: Trump's Truth Social files for a crypto Blue Chip ETF including $BTC $XRP and $SOL! pic.twitter.com/2mUi4rH6hF
— Dom (Bull/ish) | EasyA (@dom_kwok) July 8, 2025
The proposed fund would invest in bitcoin, ethereum, solana, XRP, and cronos tokens. Bitcoin and ethereum would make up 85% of the portfolio combined, with bitcoin receiving 70% and ethereum getting 15% of the allocation.
The remaining 15% would be split among three altcoins. Solana would receive an 8% allocation, while Cronos would get 5% and XRP would make up 2% of the fund.
Partnership with Yorkville America Digital
Trump Media is working with Yorkville America Digital to manage the new ETF. The same asset manager has backed Trump Media’s previous crypto fund applications, including a combined bitcoin-ethereum ETF and a standalone Bitcoin fund.
The SEC acknowledged the dual bitcoin-ethereum ETF application on Monday. This step starts the formal review process for that particular fund.
Crypto.com as Custodian
Crypto.com’s custody division, Foris DAX Trust Company, will serve as the custodian for the fund’s digital assets. The company will also act as the prime execution agent and provide staking and liquidity services.
The choice of Crypto.com as custodian creates a connection to cronos, since Crypto.com is the issuer of the cronos token. This relationship could provide operational advantages for managing the cronos portion of the portfolio.
The fund will be structured as a Nevada business trust. Shares WOULD trade on the NYSE Arca exchange if approved.
Regulatory Process
The S-1 registration statement filed with the SEC represents one of two required documents for ETF approval. The next step requires the exchange to file a 19b-4 FORM with the SEC.
Once the exchange filing is complete, the SEC would be legally bound to a specific review timeline. The regulatory process typically takes several months to complete.
Crypto Regulatory Environment
The filings come during a period of increased crypto acceptance in U.S. regulation. Reports from July 1 suggested the SEC plans to fast-track regulatory approvals for crypto ETFs.
The agency has discussed with major crypto exchanges about allowing issuers to file only an S-1 form and wait 75 days. This streamlined process could benefit TRUMP Media’s ETF applications.
The Truth Social Crypto Blue Chip ETF marks Trump Media’s third crypto ETF attempt, showing the company’s commitment to building a crypto investment franchise. The fund would give investors exposure to five major cryptocurrencies through a single regulated investment vehicle.
