Key Takeaways
- Trump Media filed to create a crypto exchange-traded fund that would come with Solana, Cronos, and XRP, along with Bitcoin and Ether.
- The Fact Social Crypto Blue Chip ETF could be 70% Bitcoin, with smaller percentages of the opposite crypto tokens.
- Trump Media has filed to launch three crypto ETFs this yr, every with a distinct part breakdown.
Trump Media & Expertise Group (DJT) plans to launch one other exchange-traded fund that holds extra than simply Bitcoin and Ether.
The Fact Social guardian firm, based by President Donald Trump, filed Tuesday to create the Fact Social Crypto Blue Chip ETF. The fund could be made up of 70% Bitcoin and 15% Ether, together with 8% Solana, 5% Cronos, and 2% XRP. The submitting mentioned the proposed fund would commerce on the New York Inventory Trade’s Arca platform for ETFs.
The information comes after Trump Media final month filed for 2 ETFs: one that might invest 75% of its property in Bitcoin and the rest in Ether, and one other that includes Bitcoin solely. In all three cases, Trump Media mentioned the launch would occur “later this yr.” Crypto.com in March mentioned it would partner with the corporate to supply the ETFs.
In Might, Trump Media mentioned it deliberate to boost $2.5 billion to purchase Bitcoin.
Bitcoin not too long ago traded slightly below $109,000, whereas Ether modified palms above $2,600. Solana, Cronos, and XRP had been at about $151, 10 cents, and $2.30, respectively.
Shares of Trump Media rose shut to three% Tuesday, however are down greater than 40% for 2025.
