Trump Media Files for ‘Crypto Blue Chip ETF’ with SEC

President Donald Trump is further deepening his involvement in the cryptocurrency space through his media enterprise. Trump Media & Technology Group, the company behind the Truth Social platform, announced on Tuesday that it has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to launch a new crypto-focused exchange-traded fund (ETF) called the Crypto Blue Chip ETF.

According to the filing, the proposed ETF will primarily hold digital assets, with a breakdown of 70% in Bitcoin, 15% in Ethereum, 8% in Solana, 5% in Ripple’s token (XRP), and 2% in Cronos — the native token of Crypto.com, which will also serve as the ETF’s digital custodian.

Previously, Trump Media had teased plans for an ETF featuring only Bitcoin and Ethereum. However, it remains unclear whether those earlier plans have been replaced by this broader initiative. The company has not yet responded to media inquiries about the shift in strategy.

The goal of cryptocurrency ETFs is to provide investors with simpler access to digital asset markets without the need to directly purchase or store cryptocurrencies. Since the launch of spot Bitcoin ETFs in U.S. markets last year, interest in these investment vehicles has surged.

This filing comes shortly after the SEC, under the Trump administration, introduced updated regulations aimed at encouraging crypto ETF development. The commission has also paused or dropped several legal actions against digital asset firms, signaling a more lenient regulatory stance.

Trump, who once voiced skepticism about Bitcoin and other digital currencies, has become an outspoken supporter of the crypto industry. His administration has advocated for making the U.S. a global leader in cryptocurrency innovation. Companies like Ripple, which donated significantly to Trump’s inaugural committee, have played a major role in shaping his administration’s pro-crypto direction.

The Trump family has also drawn scrutiny for its expanding portfolio of crypto-related ventures, prompting concerns over potential conflicts of interest. Critics have warned that mixing political power with personal financial interests in crypto could damage the industry’s credibility.

Nevertheless, Trump has defended his administration’s crypto agenda. At a press briefing last month, he emphasized the strategic importance of leading the crypto economy, stating, “If we didn’t have it, China would.”