US President Donald Trump’s Truth Social of Company has applied for a new ETF.
Therefore, Truth Social applied for the “Crypto Blue Chip ETF.” New ETFs include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cronos (CRO).
According to information reported by Bloomberg ETF analyst Eric Balknath, Truth Socile, a social media company founded by the US president, has filed an application with the SEC for cryptocurrency Blue Chip ETFs, which includes Bitcoin, Ethereum, Solana, XRP and CRO.
“A new application has been submitted to the Truth Social Crypto Blue Chip ETF, a spot crypto basket that includes Bitcoin, Ethereum, Solana, XRP and Chronos.
The allocation of foundation assets to portfolio assets (allocation ratio) is expected to initially reach a percentage close to 70% BTC, 15% ETH, 8% SOL, 5% CRO, and 2% XRP.
Following the news, the CRO experienced the biggest rise.
*This is not investment advice.
