Trump Media Unveils Crypto Blue Chip ETF with Bitcoin, Ether, Solana
Trump Media Ventures into Crypto ETFs with New Fund Launch
Overview of Trump Media’s Crypto ETF Plans
Trump Media & Technology Group, founded by former President Donald Trump, is set to expand its investment portfolio by introducing a new exchange-traded fund (ETF) that will encompass a variety of cryptocurrencies beyond just Bitcoin and Ether.
Details of the Truth Social Crypto Blue Chip ETF
On Tuesday, the company submitted a filing to establish the Truth Social Crypto Blue Chip ETF. This fund is designed to allocate 70% of its assets to Bitcoin, while also including 15% in Ether, 8% in Solana, 5% in Cronos, and 2% in XRP. The ETF is intended to be traded on the New York Stock Exchange’s Arca platform, marking a significant step in the company’s financial strategy.
Previous ETF Filings and Future Plans
This latest announcement follows Trump Media’s recent filings for two additional ETFs. One of these funds aims to invest 75% of its assets in Bitcoin, with the remainder dedicated to Ether, while the other is focused solely on Bitcoin. The company has indicated that all three ETFs are expected to launch later this year, with Crypto.com partnering to facilitate these offerings.
Financial Aspirations and Market Performance
In May, Trump Media revealed plans to raise $2.5 billion for Bitcoin acquisitions, signaling its commitment to cryptocurrency investments. Currently, Bitcoin is trading at just under $109,000, while Ether is priced above $2,600. Other cryptocurrencies, including Solana, Cronos, and XRP, are valued at approximately $151, $0.10, and $2.30, respectively.
Stock Performance of Trump Media
Following the announcement of the new ETF, shares of Trump Media experienced a nearly 3% increase on Tuesday. However, the stock has seen a decline of over 40% since the beginning of 2025, reflecting the volatile nature of the market and investor sentiment.
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