Truth Social’s Crypto Blue-Chip ETF Filing Sparks CRO Rally, BTC Gains
Donald Trump’s Truth Social platform has filed an S-1 with the US SEC for a proposed Crypto Blue-Chip ETF to list on NYSE Arca. The fund targets regulated exposure to top digital assets with a 70% allocation to Bitcoin, 15% to Ethereum, 8% to Solana, 5% to Cronos and 2% to XRP. It will rebalance quarterly, with Foris DAX as the liquidity provider and custodian, and CF Benchmarks supplying daily reference prices. Following the filing, Cronos (CRO) surged over 17% within an hour, while Bitcoin and Solana saw modest gains and XRP underperformed. Traders should watch for SEC approval and potential fund inflows, as similar ETF filings have historically driven price rallies and could boost institutional adoption, market liquidity and overall legitimacy of the crypto ETF landscape.
Bullish
The ETF filing is likely to drive bullish sentiment across major crypto assets. In the short term, the announcement triggered a sharp 17% rally in Cronos and modest gains in Bitcoin and Solana as traders anticipated new institutional demand. Over the longer term, SEC approval and subsequent fund inflows could significantly boost market liquidity and foster broader institutional adoption. The formalized, regulated exposure offered by the Crypto Blue-Chip ETF should enhance legitimacy and attract capital, supporting sustained price appreciation for blue-chip tokens.