Truth Social Launches Crypto ETF Backed by Bitcoin, ETH, Solana, XRP, Cronos
Key Insights:
- Truth Social filed an S-1 for a crypto ETF with assets primarily in BTC, ETH, SOL, XRP, and CRO as of July 8, 2025.
- The ETF’s initial allocation is 70% Bitcoin, 15% Ether, 8% Solana, 5% Cronos, and 2% XRP.
- Yorkville America Digital is the sponsor and Foris DAX Trust Company serves as the digital asset custodian.
Donald Trump’s Truth Social platform has officially joined the digital asset investment market. In a new S-1 registration with the U.S. SEC, it has described its intention to launch a crypto-based exchange-traded fund (ETF) focused on the five leading blockchain-related assets.
Truth Social’s S-1 Filing Confirms Core Assets of New Crypto ETF
Truth Social, a subsidiary of Trump Media & Technology Group, made a registration statement with the Securities and Exchange Commission on July 8, 2025. The document is to initiate a new product known as the Truth Social Crypto Blue Chip ETF.
Notably, the filing with the SEC confirmed the ETF will consist primarily of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cronos (CRO). These digital assets were described as the “Portfolio Assets” in the preliminary prospectus.
Additionally, it aims to offer passive access to crypto markets by tracking the performance of the assets that the trust holds. The ETF shares will be listed and traded on the New York Stock Exchange Arca.
Here, both retail and institutional investors will have access to, but not necessarily ownership of, the major cryptocurrencies.
Initial Allocation Places Bitcoin at 70%
More so, the preliminary prospectus included the intended initial allocation for the ETF. According to the filing, the fund will be composed of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP by value.
Furthermore, any change in the allocation would necessitate a change in the Trust Agreement and additional filing in the supplementary prospectus.
The crypto ETF was categorized as a passive investment instrument. This implies that it will not actively manage or trade the underlying crypto assets but will hold the portfolio under the predetermined allocation.
Moreover, the filing noted that the Trust will update shareholders on changes via prospectus supplements. These updates will be under the Securities Exchange Act of 1934.
Yorkville and Foris DAX Assigned Key Roles
Yorkville America Digital, LLC was named as the sponsor of the ETF. The company was tasked with managing administrative responsibilities for the trust and coordinating filings with the SEC.
Yorkville has previously collaborated with Truth Social in related ETF applications, including a spot Bitcoin ETF and a joint Bitcoin-Ethereum product.
Foris DAX Trust Company, LLC will serve as the digital asset custodian. It shall be responsible in overseeing the custody of the assets in the portfolio that it holds on behalf of the trust. In the filing, it was indicated that Foris DAX has an obligation to provide custody in accordance with SEC regulations and digital asset standards.
Additionally, the custodian is associated with the Crypto.com ecosystem, which may help streamline asset management processes for CRO holdings.
However, the Trust is not listed with the Investment Company Act of 1940. Rather, it is a commodity pool, not a securities investment company. Neither is it regulated by the Commodity Futures Trading Commission (CFTC), since its structure and practices revolve around possession of spot crypto assets.
Previous Filings and Industry Context
Meanwhile, the July 8 filing was a continuation of the larger plan of Truth Social and its partners to diversify their ETF offerings. In June, the platform filed applications independently seeking a place in a pool ETF of Bitcoin and Ethereum.
All of these filings are sponsored by Yorkville America Digital and represent an approach to exposing blockchain through regulated investment vehicles.
Besides, this most recent filing came after a binding contract was signed this year between Trump Media, Crypto.com, and Yorkville America Digital. The agreement was to develop a series of crypto-related ETFs in partnership.
According to the reports, these products will be branded as “Made in America” and will be directed to both institutional and retail markets.
The crypto ETF landscape has seen increased activity in recent months, with companies such as Bitwise, Grayscale, Franklin Templeton, and REX Shares also seeking SEC approval for crypto ETFs.
Proposed products include exposure to assets like Solana, XRP, Dogecoin, Avalanche, Litecoin, and Hedera.
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