Trump Media Files For 'Crypto Blue Chip ETF' With SEC

Trump Media Eyes Crypto Market Entry with 'Blue Chip' ETF Filing

In a significant move signaling further expansion into the digital asset space, Trump Media & Technology Group, the company behind the Truth Social platform, has officially filed paperwork with the Securities and Exchange Commission (SEC) for a new cryptocurrency exchange-traded fund (ETF). Dubbed the “Crypto Blue Chip ETF,” this proposed investment product aims to provide investors with easier exposure to a diversified basket of prominent cryptocurrencies.

The filing, announced by the Florida-based company on Tuesday, outlines a planned structure for the ETF with a clear allocation strategy weighted heavily towards the market's largest digital currencies. According to the submission, the Crypto Blue Chip ETF intends to hold:

• 70% in Bitcoin (BTC), the world's largest and most well-established cryptocurrency by market capitalization.
• 15% in Ethereum (ETH), the second-largest cryptocurrency and the backbone of numerous decentralized applications.
• 8% in Solana (SOL), a rapidly growing cryptocurrency known for its high transaction throughput, popular within the meme coin community and DeFi space.
• 5% in the cryptocurrency developed by Ripple (XRP), often associated with cross-border payments.
• 2% in the native cryptocurrency of the Crypto.com exchange, which is also slated to serve as the digital custodian for the ETF's assets.

This filing follows previous indications from Trump Media about potential crypto ventures, including an earlier suggestion of an ETF focused solely on Bitcoin and Ethereum. It remains to be seen if that initial concept will still move forward alongside this newly proposed multi-asset fund.

The rise of cryptocurrency-based ETFs has revolutionized how many investors approach the digital asset market. By trading on traditional stock exchanges, these funds eliminate many of the technical complexities and security concerns associated with directly buying, storing, and managing cryptocurrencies. The launch of Bitcoin ETFs in the U.S. last year sparked significant investor interest and paved the way for a broader range of crypto-linked investment products.

The timing of Trump Media's filing is notable, aligning with recent actions by the Trump administration aimed at fostering a more favorable environment for the cryptocurrency industry within the United States. Just last week, the SEC released updated guidelines specifically for crypto ETF issuers, a move seen as part of a broader regulatory push to welcome crypto companies. The administration has also reportedly dropped or paused several enforcement actions against various entities in the crypto sector since President Trump took office.

This pro-crypto stance marks a notable evolution for President Trump, who was once viewed as skeptical of Bitcoin. His current embrace of the industry coincides with substantial campaign contributions and other support received from crypto-related businesses. Ripple, for example, was highlighted as a significant donor to Trump's inaugural committee.

However, this convergence of regulatory facilitation and familial business interests in the crypto space has not been without controversy. The aggressive pursuit of crypto-related businesses by the Trump family alongside the administration's policy shifts has drawn accusations of corruption from political opponents. Some within the crypto community itself have also expressed concern, suggesting that this dynamic could potentially undermine the industry's efforts to build long-term credibility and stability.

Addressing these concerns at a recent news conference, President Trump defended his administration's actions, emphasizing the goal of positioning the United States as the global leader in the cryptocurrency sector. He posited that without active U.S. engagement and leadership, other nations, particularly China, would dominate the space.

The proposed Crypto Blue Chip ETF represents a concrete step in bringing Trump Media further into the digital asset ecosystem. If approved by the SEC, it would offer investors a new regulated avenue to gain exposure to a curated list of major cryptocurrencies, reflecting the growing mainstream integration of digital assets and the evolving political landscape surrounding the industry.