Key Takeaways
- Truth Social has filed for a new crypto ETF tracking Bitcoin, Ethereum, Solana, XRP, and Cronos.
- It’s the third crypto ETF filing this year from a Trump-linked company.
- Critics warn of growing conflicts of interest as Trump’s business and policy worlds collide.
President Donald Trump’s crypto push isn’t slowing down anytime soon.
What started with campaign trail promises and a handful of policy shifts is quickly turning into a full-fledged business strategy. The latest? Another ETF filing is tied to his media company, Truth Social.
Trump’s Truth Social Eyes ETF Launch With Big Crypto Names
On July 8, Trump Media & Technology Group submitted paperwork to the U.S. Securities and Exchange Commission for a “Crypto Blue Chip ETF,” its third crypto-focused ETF filing this year.
The new ETF would track a curated mix of major cryptocurrencies: 70% Bitcoin (BTC), 15% Ethereum (ETH), 8% Solana (SOL), 5% XRP, and 2% Cronos (CRO).
Crypto.com is listed as the digital custodian, and the ETF is expected to trade on NYSE Arca.
The new ETF proposal follows earlier filings for a Bitcoin-only ETF and a Bitcoin-Ethereum ETF, as Truth Social ramps up its push into digital assets.
The company is clearly betting big on investor appetite for crypto exposure without the need for direct custody.
With crypto ETFs taking off in the U.S. since 2024, Trump’s camp is moving fast to capitalize on the momentum.
Crypto Empire Keeps Growing—So Do the Questions
Since returning to the White House, Trump has gone all-in on crypto. He’s appointed pro-crypto regulators, signed executive orders to ease restrictions, and positioned the U.S. as a crypto-friendly jurisdiction.
But as the business and political sides of Trump’s crypto ambitions start to blur, Democrats are raising red flags.
Critics point to his administration’s rollback of DeFi reporting rules—regulations that once required more transparency from decentralized finance projects.
The change directly benefited World Liberty Financial, a DeFi protocol run by Trump’s family, in which Trump reportedly holds a personal stake.
WLFI has since launched its own stablecoin, which quickly climbed into the top 10 rankings.
And now, with Truth Social diving deeper into crypto investment products, concerns about potential conflicts of interest are mounting.
While Trump insists his goal is to turn the U.S. into a global crypto hub, opponents argue the line between national policy and personal profit is getting harder to ignore.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
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