Truth Social Aims for NYSE Crypto ETF Approval

- Truth Social files an S-1 registration with the SEC for a Bitcoin and altcoin-focused ETF. - The proposed "Crypto Blue Chip ETF" heavily weights Bitcoin and Ether, aiming for an NYSE Arca listing. On July 8, 2025, Cointelegraph reported that Truth Social submitted an S-1 registration to the U.S. Securities and Exchange Commission (SEC) to launch a “Crypto Blue Chip ETF.” This proposed fund will track the performance of five leading cryptocurrency assets—Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO), and XRP—with proposed weightings of 70%, 15%, 8%, 5%, and 2%, respectively. The filing indicates that, pending regulatory approval, the ETF’s shares will list on the New York Stock Exchange (NYSE) Arca and will be managed by Yorkville America Digital. Furthermore, the sponsor, a Nevada business trust, is exempt from certain oversight regulations under the Commodity Futures Trading Commission (CFTC) and will not register as an investment company. This initiative is Truth Social’s latest effort to integrate cryptocurrency into traditional financial markets. The company previously pursued a dual-spot Bitcoin and Ether ETF, demonstrating its commitment to creating institutional-grade investment vehicles for digital assets. Analysts suggest the ETF's inclusion of Bitcoin and Ethereum as core components could attract institutional investors, who favor the assets for their perceived stability and liquidity within the volatile crypto market. As of July 8 at 16:09 UTC, market data showed mixed results for the ETF's components. Bitcoin (BTC) was trading at $108,260.79, a slight decrease of 0.05%, while Ethereum (ETH) increased by 1.26% to $2,564.29. In contrast, Solana (SOL) was priced at $150.04, down 0.77%, and XRP (XRP) dipped 2.40% to $2.29. Meanwhile, Cronos (CRO) surged significantly, posting a 15.18% increase to $0.094. Market activity shows a heightened interest in cryptocurrency performance, and developments like the Truth Social ETF filing are fueling this trend, suggesting potential impacts on asset demand and investor sentiment.