Truth Social Submits S-1 for Crypto ETF, Outlining Strict Asset Allocation
In a new SEC filing, Trump Media’s Truth Social detailed plans for its “Crypto Blue Chip ETF,” a fund tracking Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%).
The ETF, structured as a Nevada business trust and sponsored by Yorkville America Digital, will hold assets via a custodian. Any adjustments to its allocation ratios will require regulatory amendments.
Unlike conventional ETFs, it will not register as an investment company or comply with CFTC commodity pool rules. Instead, it will rely on authorized participants to create/redeem shares in 10,000-unit batches, ensuring minimal price deviation from net asset value.
Pending approval, shares will list on NYSE Arca, marking another step in Truth Social’s strategy to merge crypto with traditional finance.
