Be part of Our Telegram channel to remain updated on breaking information protection
Trump Media, the dad or mum firm of Reality Social that’s managed by the Trump household, has submitted an S-1 submitting to US regulators to launch a blue-chip crypto ETF (exchange-traded fund).
The event comes simply 24 hours after Trump Media’s submitting for a twin Bitcoin and Ethereum ETF was acknowledged by the US Securities and Change Fee (SEC).
SOL, CRO And XRP Included In New ETF
Whereas the twin ETF solely focuses on the 2 main cryptos by market cap, the brand new ETF software, which was filed yesterday, additionally contains Solana (SOL), Cronos (CRO) and XRP (XRP).
The submitting for the “Reality Social Crypto Blue Chip ETF” stated BTC and ETH can have an allocation of 70% and 15%, respectively. SOL, XRP and CRO will then all have single-digit allocations, with 8% to SOL, 5% to CRO and a pair of% to XRP.
Trump’s Reality Social information for index-based crypto ETF…
Would initially maintain approx 70% btc, 15% eth, 8% sol, 5% cro, & 2% xrp.
Once more, assume we’re going to see large wave of crypto index ETF filings. pic.twitter.com/eYF1sRJA5l
— Nate Geraci (@NateGeraci) July 8, 2025
CoinMarketCap knowledge exhibits that XRP is at present the third largest crypto by market cap, whereas SOL is ranked sixth. In the meantime, CRO is additional down the checklist at quantity 34, with its capitalization standing at round $2.88 billion.
CRO’s inclusion within the ETF software, regardless of its decrease rating in comparison with the opposite cryptos, could possibly be because of Crypto.com’s partnership with Trump Media to launch a sequence of “Made In America” ETFs.
SOL, XRP and CRO all printed beneficial properties within the final 24 hours, CRO main with a 14% pump.
Trump Media Blue Chip ETF Will Not Be Topic To CFTC Guidelines
If authorised, the Reality Social Crypto Blue Chip ETF will commerce on NYSE Arca, just like the corporate’s proposed twin ETF.
The submitting additionally stated that the ETF is not going to function as a registered funding firm and won’t be topic to Commodity Futures Buying and selling Fee (CFTC) guidelines as a commodity pool.
The proposed blue chip crypto fund will as a substitute challenge and redeem shares via licensed broker-dealers in chunks of 10,000. By doing so, it makes it simpler for the ETF’s worth to stay near the worth of the underlying digital property.
Associated Articles:
Greatest Pockets – Diversify Your Crypto Portfolio
Simple to Use, Function-Pushed Crypto Pockets
Get Early Entry to Upcoming Token ICOs
Multi-Chain, Multi-Pockets, Non-Custodial
Now On App Retailer, Google Play
Stake To Earn Native Token $BEST
250,000+ Month-to-month Lively Customers
Be part of Our Telegram channel to remain updated on breaking information protection