Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Trump Media & Technology Group (TMTG), Truth Social’s parent company, filed a statement of S-1 registration with the US Securities and Exchange for the Fund of the Traded Fund “Blue Chip Crypto” (ETF).
The proposed investment confidence will be primarily Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Ripple (XRP)and Cronos (Cro)native token Cronos Blockchain, which is associated with Crypto.com.
SEC has confirmed the submission, which means it is now controlled, according to to the submission of 8 July.
Portfolio ETF will maintain a composition approximately 70% bitcoins, 15% Ethereum, 8% Solana, 5% Cronosand 2% XRP according to value.
Upon approval, the ETF will be listed and traded on Nys Arca, although the Ticker Fund symbol remains unpublished.
The proposed ETF is expected to act as a passive investment vehicle and monitor the market prices of its basic cryptocurrencies without using the lever effect, derivatives or speculative business strategy.
The fund will also be involved in betting for assets such as Ethereum, Solana and Cronos, allowing him to generate rewards.
Truth Social previously filed for point Bitcoin ETF in June, followed by a Sending for a combination of Bitcoins and Ethereum ETF.
As in these registration statements, “Truth Social Crypto Blue Chip ETF” is sponsored by Yorkville America Digital, while Foris Dax Trust Company will serve as a digital assets depository.
In addition, Crypto.com will act as an exclusive bitcoin depository ETF, Agent Prime Execution and Liquidity Provider.
Earlier messages He said TMTG partnership with Singapore Crypto.com Starting the ETF “Made-in-American”.
The media platform signed a non -binding agreement on the offer of a number of products traded on the stock exchange (ETP) and funds (ETF) on the stock exchange owned by Cronos Blockchain.
It seems that the inclusion of CRO in the investable ETF confirms the involvement of Crypto.com in the company.
In particular, the recent reports have had a significantly greater impact on CRO than other cryptocurrencies in the field of social blue chips.
The asset increased by more than 20% to a monthly maximum of $ 0.09886, while Bitcoins, Ethereum, XRP and Solana have only experienced profits between 1.08% and 3.6%.
Potential SEC approval is governed by the confirmation of the parent company Truth Social from its digital asset strategy, which includes the Bitcoin box office plan.
May 30. Society announced that he had received $ 2.44 billion through a private placement involving almost 50 institutional investors.
The financing round included $ 55.9 million for $ 25.72 and $ 1 billion in convertible notes with zero coupon, and the revenues were intended for the acquisition of bitcoins and general operations.
In May 27 notification, The President and CEO of TMTG Devin Nunes described Bitcoins as the “top instrument of financial freedom”, stating that he would become the main part of the society base.
The same day Arkham Intelligence Published on X: “Donald Trump, Trump Media, buys Bitcoins of $ 2.5 billion. Trump is about to go Maylor Mode?” It refers to the Executive President of Microstratega and his aggressive bitcoin strategy.
Moreover, President Trump seems to benefit significantly of these cryptocurrency businesses.
July 2 Bloomberg Report He revealed that Trump and his family reportedly earned over $ 620 million from recent cryptocurrency businesses, with Trump’s exclusive tennis crypt now containing about 9% of its estimated values of $ 6 billion since June.
In addition to the truth is socially associated businesses, most of this wealth is tied to his family business, World Liberty Financial and his launch of his MEME personal coins, Trump.
Contribution Truth Social Files for Blue-Chip Crypto ETF including BTC, ETH, XRP and SOL He appeared for the first time Cryptonews.