Trump Media & Technology Group (TMTG) has submitted a filing to the SEC for the Crypto Blue-Chip ETF, aimed at investing in cryptocurrencies like Bitcoin, Ethereum, and others.
TMTG's Crypto Blue-Chip ETF Filing
TMTG has officially filed to create the Crypto Blue-Chip ETF, which is designed to give investors exposure to well-known tokens. The fund will invest 70% of its assets in Bitcoin, 15% in Ethereum, 8% in Solana, and 5% each in Cronos and XRP.
> “The ETF is designed as a passive investment vehicle and will be listed on NYSE Arca, subject to obtaining approval from the U.S. Securities and Exchange Commission,” according to the filing.
Strategic Value of Crypto ETFs
The portfolios of the Crypto Blue-Chip ETFs are designed to provide diversified exposure to the largest cryptocurrencies by market capitalization. The passive nature, non-leverage or derivatives, and staking components from Ethereum, Solana, and Cronos increase potential for long-term yield. Custody will be provided by Crypto.com’s Foris DAX.
Regulatory and Institutional Context
Recent SEC guidance has fast-tracked the review window for spot ETFs to about 75 days. The filing was added to the ETF database on July 8, subsequent to two other dual filings in mid-June for Bitcoin-only and Bitcoin/Ethereum versions. The ownership oversight by Crypto.com and Yorkville lends institutional credibility.
TMTG’s filing for the Crypto Blue-Chip ETF represents a step towards simplifying access to cryptocurrency investments through traditional platforms. Approval from the SEC and reactions from institutional investors are awaited.
