According to Bloomberg ETF analyst Eric Balchunas, the company has submitted an application with the U.S. Securities and Exchange Commission […]
The post Trump-Linked Truth Social Files for Crypto ‘Blue Chip’ ETF appeared first on Coindoo.
According to Bloomberg ETF analyst Eric Balchunas, the company has submitted an application with the U.S. Securities and Exchange Commission for a product called the “Truth Social Crypto Blue Chip ETF.”
The proposed fund would offer exposure to a curated basket of leading cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO).
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Initial allocation plans suggest a heavy weighting toward Bitcoin, which would make up 70% of the fund’s portfolio. Ethereum follows with 15%, while Solana, Cronos, and XRP round out the basket with 8%, 5%, and 2% respectively.
If approved, the ETF would mark a significant move into crypto by a high-profile media company and could signal broader mainstream ambitions tied to the Truth Social brand.
The post Trump-Linked Truth Social Files for Crypto ‘Blue Chip’ ETF appeared first on Coindoo.
Source: https://coindoo.com/trump-linked-truth-social-files-for-crypto-blue-chip-etf/
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