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Trump Media, the dad or mum firm of Fact 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 Alternate 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 consists of Solana (SOL), Cronos (CRO) and XRP (XRP).
The submitting for the “Fact Social Crypto Blue Chip ETF” stated BTC and ETH could 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 Fact Social recordsdata for index-based crypto ETF…
Would initially maintain approx 70% btc, 15% eth, 8% sol, 5% cro, & 2% xrp.
Once more, suppose we’re going to see large wave of crypto index ETF filings. pic.twitter.com/eYF1sRJA5l
— Nate Geraci (@NateGeraci) July 8, 2025
CoinMarketCap knowledge reveals that XRP is at the moment the third largest crypto by market cap, whereas SOL is ranked sixth. In the meantime, CRO is additional down the listing 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, might be because of Crypto.com’s partnership with Trump Media to launch a collection of “Made In America” ETFs.
SOL, XRP and CRO all printed good points within the final 24 hours, CRO main with a 14% pump.
Trump Media Blue Chip ETF Will Not Be Topic To CFTC Guidelines
If accepted, the Fact 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 an alternative subject and redeem shares by means of 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 belongings.
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