U.S. President Donald Trump’s Media & Know-how Group (NASDAQ: DJT) has filed to record a brand new crypto exchange-traded fund (ETF) that will monitor a number of digital belongings, the newest in a string of such efforts tied to the Trump model.
The proposed “Fact Social Crypto Blue Chip ETF” would maintain a portfolio of 5 tokens: bitcoin
, ether (ETH), solana (SOL), XRP (XRP) and cronos (CRO), in keeping with a submitting with the SEC. Eighty-five % of the fund’s holdings can be cut up between bitcoin and ether. Solana would make up 8%, cronos 5% and XRP 2%.
The ETF is being launched in partnership with Yorkville America Digital, the identical asset supervisor backing Trump Media’s earlier filings for a mixed Bitcoin and Ether ETF, in addition to a standalone bitcoin fund. The SEC acknowledged the twin BTC-ETH ETF software on Monday, a step that initiates its evaluation.
Crypto.com’s custody arm, Foris DAX Belief Firm, will function the fund’s custodian, answerable for safekeeping the underlying crypto belongings.
The S-1 registration filed with the SEC is one among two key paperwork required for an ETF to maneuver ahead. The subsequent step lies with the alternate in search of to record the product, which should file a 19b-4 with the SEC. That submission would legally bind the regulator to a evaluation timeline.
This could mark at the very least the third crypto ETF try tied to Trump Media or associated entities, signaling an intent to determine a broad crypto funding franchise.
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