Summary
- Truth Social has submitted an application for the Virtual Asset Blue Chip ETF to the U.S. SEC.
- The ETF consists of Bitcoin (70%), Ethereum (15%), Solana (15%), Cronos (5%), and XRP (2%).
- Truth Social had previously submitted applications for a Bitcoin ETF and an Ethereum ETF.
Truth Social, the social media company owned by former U.S. President Donald Trump, has submitted an application (S-1 filing) for a virtual asset (cryptocurrency) blue chip exchange-traded fund (ETF).
According to Bloomberg ETF analyst Eric Balchunas on the 8th (local time), Truth Social has filed an application for a 'Virtual Asset Blue Chip ETF' with the U.S. Securities and Exchange Commission (SEC).
This ETF is comprised of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, and Cronos (CRO). The specific allocation is Bitcoin (70%), Ethereum (15%), Solana (15%), Cronos (5%), and XRP (2%).
Meanwhile, Truth Social has previously submitted applications for the Bitcoin ETF—'Truth Social Bitcoin ETF'—and the Ethereum ETF, known as the 'Truth Social Ethereum ETF.'
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
