Trump Media Files for Multi-Asset Crypto ETF
Trump Media & Technology Group (DJT), led by former President Donald Trump, has filed to create a new cryptocurrency exchange-traded fund dubbed the Truth Social Crypto Blue Chip ETF. Unlike traditional crypto ETFs focused solely on Bitcoin or Ethereum, this ETF aims to diversify across multiple major cryptocurrencies. According to the filing submitted Tuesday, the proposed fund will trade on the New York Stock Exchange’s Arca platform, targeting investors seeking broad exposure to “blue chip” digital assets.
Bitcoin and Ether Dominate Fund Allocation
The Truth Social Crypto Blue Chip ETF will be comprised primarily of Bitcoin and Ethereum, allocating 70% and 15% of the portfolio respectively to the two largest cryptocurrencies by market cap. These assets are widely considered the most established and institutionally recognized cryptocurrencies, making them the cornerstone of the ETF. This allocation mirrors broader industry trends where institutional and corporate investors prioritize BTC and ETH as foundational crypto holdings.
Altcoins: Solana, Cronos, and XRP Included
In a unique twist, the ETF will also allocate 8% to Solana (SOL), 5% to Cronos (CRO), and 2% to XRP. Solana, known for its high-speed blockchain and growing DeFi ecosystem, has been gaining traction among developers and investors alike. Cronos, backed by Crypto.com, adds diversity through its interoperability features, while XRP brings exposure to a cross-border payment protocol. This inclusion marks a notable shift toward embracing alternative blockchain networks beyond the Ethereum ecosystem.
A Continuation of Trump Media’s Crypto Push
This marks Trump Media’s third ETF filing this year, following two earlier proposals: one with 75% Bitcoin and 25% Ethereum, and another that is Bitcoin-exclusive. All three ETFs are scheduled to launch later in 2025. The filings indicate a clear and sustained interest from Trump Media in entering the booming crypto investment space, signaling its intent to brand itself as a major player in digital finance.
Strategic Partnerships Fuel ETF Ambitions
In March 2025, Crypto.com announced a strategic partnership with Trump Media to support the rollout of its crypto ETFs. This partnership is expected to streamline the process of ETF creation, custody solutions, and exchange listing. By collaborating with an established crypto platform, Trump Media is leveraging existing infrastructure and expertise to bring these investment products to market more efficiently.
Trump Media Eyes $2.5 Billion BTC Purchase
Earlier in May, Trump Media made headlines by declaring its intent to raise $2.5 billion for a large-scale Bitcoin acquisition. This aggressive approach signals the company’s belief in Bitcoin as a core treasury asset and may align with the investment goals of its upcoming ETFs. If successful, the purchase could position Trump Media as one of the largest corporate holders of Bitcoin, rivaling firms like MicroStrategy.
Market Reaction: DJT Shares Climb Modestly
Following the announcement of the Blue Chip ETF filing, Trump Media shares rose nearly 3% on Tuesday, reflecting investor optimism about its expanding crypto strategy. However, the company’s stock remains down more than 40% year-to-date, amid broader market volatility and investor caution surrounding politically affiliated companies. Despite this, the growing lineup of crypto products could serve as a catalyst for renewed investor interest.
Crypto Price Context: BTC, ETH, SOL, CRO, XRP
As of the latest market snapshot, Bitcoin was trading just under $109,000, while Ethereum hovered above $2,600. Solana maintained a price near $151, with Cronos at $0.10 and XRP at $2.30. These pricing levels reflect a bullish trend for most major cryptocurrencies amid increasing ETF demand and institutional interest. The launch of a diversified ETF may further validate these assets in the eyes of traditional investors.
Regulatory Landscape and Timing
Trump Media has not specified a launch date but has stated that all three ETF products will debut “later this year.” The firm will still need approval from the Securities and Exchange Commission (SEC) before the ETFs can begin trading. The regulatory climate for crypto ETFs has warmed significantly since the approval of spot Bitcoin ETFs earlier in 2025, increasing the likelihood of eventual approval for diversified crypto funds.
Broader Implications for Crypto Adoption
The creation of a Blue Chip Crypto ETF by a high-profile media and technology firm highlights the growing normalization of digital assets in mainstream finance. By offering exposure to multiple top-tier cryptocurrencies, Trump Media could accelerate retail and institutional adoption while expanding investor access beyond just Bitcoin and Ethereum. As digital assets continue to integrate into traditional financial portfolios, products like these will likely shape the next phase of market evolution.
