Trump Media Plans to Launch ‘Crypto Blue Chip ETF’ Holding Bitcoin, Ether, Solana and More
- Trump Media plans to launch a crypto ETF that includes Bitcoin, Ether, Solana, and XRP.
- The Truth Social Crypto Blue Chip ETF will hold 70% Bitcoin and lesser amounts of other tokens.
- This filing follows two other ETF submissions aimed at diversifying its crypto portfolio.
- Trump Media has associated with Crypto.com to facilitate the launch of its ETFs.
Trump Media targeting diverse crypto investments with ETFs
Trump Media and Technology Group, led by former President Donald Trump, is making waves in the crypto space with its latest move. The company announced plans to launch a new crypto exchange-traded fund (ETF) dubbed the Truth Social Crypto Blue Chip ETF. The fund aims to diversify by holding 70% Bitcoin, 15% Ether, alongside smaller allocations of Solana, Cronos, and XRP, designed to capture a broader slice of the market with an innovative approach to cryptocurrency investments.
Trump Media’s strategy includes multiple ETF offerings
This recent announcement is part of a larger strategy. Just last month, the company had submitted filings for two additional ETFs. One of those funds would invest a hefty 75% of its assets exclusively in Bitcoin, while the other is focused solely on Bitcoin as well. Each of these funds is said to be launching late this year, and interestingly enough, Crypto.com has partnered with Trump Media to help offer these ETFs, giving it much visibility in the crowded crypto investment space.
Market reactions and price fluctuations linked to crypto ETF
Despite the somewhat turbulent waters that Bitcoin has been navigating—trading recently just below $109,000—Trump Media’s stock has seen a slight uptick of about 3% on Tuesday. However, it’s important to note that shares are down over 40% compared to last year’s performance. This fluctuation reflects the volatile nature of the cryptocurrency market, but the enthusiasm surrounding these ETFs is certainly causing a stir, as investors look for the next big opportunity to dive deeper into the world of digital currency.
In summary, Trump Media is pushing forward with its ambitious plans for a new crypto ETF focused on major digital assets including Bitcoin and Ether. With multiple ETFs under its belt and a major partner in Crypto.com, the company is positioning itself to take advantage of the booming interest in cryptocurrency investments. However, the volatility in the market remains a significant factor for both the company and its investors as they navigate through these changes in 2025.
