Truth Social Files SEC Plan for Crypto ETF Tracking BTC, ETH, SOL

- Truth Social seeks SEC approval to launch "Crypto Blue Chip" ETF. - The ETF simplifies crypto exposure while leveraging regulated custody solutions. On July 8, 2025, The Block, Cointelegraph, and Decrypt reported that Trump Media & Technology Group's social media platform, Truth Social, submitted an S-1 registration statement to the U.S. Securities and Exchange Commission (SEC). The filing details a "Crypto Blue Chip" ETF, a bold step designed to link cryptocurrency with traditional finance by simplifying access to leading digital assets. The exchange-traded fund will track a portfolio of top cryptocurrencies to offer investors a streamlined financial product. Its initial allocation includes approximately 70% Bitcoin (BTC), 15% Ethereum (ETH), 8% Solana (SOL), 5% Cronos (CRO), and 2% XRP. The filing emphasizes Truth Social’s commitment to integrating digital assets into traditional finance markets. Although the company plans to list the ETF on NYSE Arca, the launch first requires regulatory approval. Foris DAX Trust Company, a subsidiary of Crypto.com, will act as custodian for the fund’s digital assets, while Yorkville America Digital sponsors the ETF. This initiative represents Truth Social’s latest push to diversify its cryptocurrency-focused financial products, as the company previously proposed a Bitcoin spot ETF and a combined Bitcoin-Ethereum ETF. According to CoinMarketCap, as of July 8 at 18:15 UTC, market prices showed significant movement. Bitcoin (BTC) traded at $109,099.99, reflecting a 0.96% change in 24-hour trading volume, while Ethereum (ETH) was priced at $2,618.28, rising 3.21%. In addition, Solana (SOL) traded at $152.10, up 1.29%, and XRP was valued at $2.32, with a modest 0.25% change. Meanwhile, Cronos (CRO) showed a notable 21.38% spike, trading at $0.098.