Truth Social Files Crypto Blue Chip ETF with BTC & ETH
Truth Social, a subsidiary of Trump Media & Technology Group, has filed an S-1 registration with the US SEC for a Crypto Blue Chip ETF. This marks Truth Social’s third ETF application, following separate filings for a Bitcoin spot ETF and a combined Bitcoin-Ethereum spot ETF.
Sponsored by Yorkville America Digital and custodied by Foris DAX Inc., the proposed Crypto Blue Chip ETF will track a basket of five leading digital assets. It allocates 70% to Bitcoin (BTC), 15% to Ethereum (ETH), 8% to Solana (SOL), 5% to Cronos (CRO) and 2% to XRP.
If approved, the ETF would list on NYSE Arca and issue shares in 10,000-share creation units, initially with cash-based creations and redemptions. CF Benchmarks will provide real-time pricing via its CME indices, and partnerships with Crypto.com underpin the CRO allocation.
The inclusion of XRP, despite its smaller weight, signals growing institutional interest and could boost broader market acceptance. This filing broadens mainstream access to diversified crypto investment products and highlights rising demand for crypto ETFs.
Bullish
The inclusion of XRP in the Crypto Blue Chip ETF signals growing institutional confidence in the token. In the short term, speculation and pre-approval trading could drive XRP prices higher. Over the long term, ETF-related inflows managed by custodians like Foris DAX and supported by CF Benchmarks’ pricing may provide steady liquidity and upward momentum. Historical precedents—such as ADA’s price surge following its addition to Grayscale’s Digital Large Cap Fund—suggest similar upside potential for XRP upon ETF approval. Overall, these factors point to a bullish outlook for XRP.