Truth Social Seeks SEC Approval for Crypto Blue Chip ETF

Highlights:

• Truth Social filed to launch a Crypto Blue Chip ETF offering exposure to five major digital assets through NYSE Arca.
• The ETF will track coins with fixed allocations and quarterly rebalancing.
• The Truth Social Crypto Blue Chip ETF enables investors to diversify in crypto.

Truth Social, a social media app founded in 2022, has filed a Form S-1 with the U.S. Securities and Exchange Commission. The firm has applied to list a new cryptocurrency exchange-traded fund. The proposed fund by the Trump-affiliated company will be called the Truth Social Crypto Blue Chip ETF. The fund will be sponsored by Yorkville America Digital LLC, a Florida-based asset management firm. The ETF will trade on NYSE Arca, an electronic securities exchange in the U.S., in case it is approved.

JUST IN: 🇺🇸 President Trump's Truth Social filed for a Crypto Blue Chip ETF that includes #Bitcoin and other crypto. pic.twitter.com/wmr1tBGXOo

— Bitcoin Magazine (@BitcoinMagazine) July 8, 2025

The fund will function as a passive investment product. It will track the price performance of selected digital assets, excluding expenses and liabilities. Shares will be created and redeemed in blocks of 10,000 units. These shares will only be available to authorized participants. At the time of launch, the fund will support only cash-based transactions. The ETF’s structure allows investors to access digital assets without using cryptocurrency exchanges. The filing shows a strategy that aims to simplify entry into the crypto market.

New Fund to Track Five Major Tokens

The fund will include a mix of five major digital assets. These are BTC, ETH, SOL, CRO, and XRP. The initial allocation gives 70% to Bitcoin and 15% to Ethereum. Solana, Cronos, and XRP will hold 8%, 5%, and 2%, respectively. The fund will rebalance every quarter to maintain these weights.

The custodian will be Foris DAX Inc., which is affiliated with Crypto.com. It will also manage trade execution and rebalancing of funds. CF Benchmarks will provide pricing data via indices connected to the CME. This arrangement will produce fair and uniform pricing throughout the fund portfolio. In addition, Foris DAX may provide staking services depending on the asset.

The ETF will trade under the ticker symbol “B.T.” on NYSE Arca. Moreover, cash creations and redemptions will be the only method allowed at launch. This structure will reduce complexity during the fund’s early phase. The fund can, however, entertain in-kind transactions in the future, provided the SEC permits. The Truth Social Crypto Blue Chip ETF enables investors to diversify in crypto. The fund combines some of the best-selling assets within a regulated product. This strategy may be attractive to investors looking to gain digital exposure but not incur the direct custody of the tokens.

Crypto Blue Chip ETF Filing to Expand Crypto Strategy

Trump Media has recently filed proposals for two other crypto ETFs. One focuses only on Bitcoin, while the other includes both Bitcoin and Ethereum. These filings show a consistent move toward expanding crypto offerings under the Truth Social brand. The company has also taken other steps into digital assets. It introduced the $TRUMP token and the USD1 stablecoin. In addition, it began to accumulate a Bitcoin treasury as well. All this is in line with its general approach of expanding into crypto markets.

The application is in response to the new SEC direction on crypto ETFs under Chairman Paul Atkins. The updates will reduce the time spent on the approvals and improve the understanding of the listing standards. Meanwhile, these adjustments can be beneficial to Trump Media and other companies joining the industry.