Trump Media Group, the company behind Truth Social, deposited its first negotiated fund in exchange for crypto (ETF). The plan is to bring the best digital parts like Bitcoin, Ethereum, Solana, Cronos and Ripple under a single “Blue Chip” fund for everyday investors.
But what does this new ETF offer and how could it change the game?
A big bet on coins
According to the deposit with the Securities and Exchange American Commission (SEC), this FNB Truth Social Crypto Blue Chip plans to directly hold five major cryptocurrencies. Ventilation shows 70% of its value in Bitcoin, 15% in ether, 8% in Solana (soil), 5% in Cronos (CRO) and 2% in Ripple XRP.
The idea is to allow investors to benefit from the performance of these parts together, without having to hold each by themselves.
To operate this plan, Truth Social is associated with great cryptography players. Crypto.com will take care of guard, stake and liquidity.
The green light still necessary
For the moment, the plan awaits approval. The SEC must erase the recording declaration and sign on a special file called form 19B-4.
If it is approved, the shares and will be negotiated on Nyse Arca, which gives it access to one of the largest American negotiation floors for negotiated funds on the stock market. Meanwhile, Yorkville America Digital acts as an ETF sponsor
New era of FNB Crypto
The time of this launch is not random. Many believe that the SEC, under the new administration led by Trump, could adopt a more friendly approach to the crypto than before. Other big names such as Bitwise, Grayscale and Franklin Templeton also line up to launch their Crypto ETF.
If the FNB Truth Social Crypto Blue Chip is put online, it could mark a new chapter for investment in crypto in America.
