Media and technology group of American President Donald Trump (Nasdaq: DJT) filed a note to list a new fund negotiated in exchange for crypto (ETF) This would follow a selection of digital assets, the last in a series of such efforts related to the Trump brand.
The “ETF of Blue Chip of Truth Social Crypto” would hold a portfolio of five tokens: Bitcoin
ether (Eth)Solara (GROUND)Xrp (XRP) and cronos (CRO)According to a file with the SEC. Eighty-five percent of the fund’s assets would be divided between Bitcoin and Ether. Solana would represent 8%, Cronos 5%and XRP 2%.
The ETF is launched in partnership with Yorkville America Digital, the same person responsible for assets supporting the previous deposits of Trump Media for a Bitcoin and Ether combined ETF, as well as an autonomous bitcoin fund. The SEC recognized the Dual BTC-ETF ETF on Monday, a step that initiates its exam.
The Crypto.com Warm Fork, Foris Dax Trust Company, will serve as a guardian of the fund, responsible for the security of underlying cryptographic assets.
The S-1 registration filed with the SEC is one of the two key documents required for an ETF to progress. The next step lies in the exchange seeking to list the product, which must deposit a 19B-4 with the dry. This submission would legally link the regulator to an examination calendar.
This would at least mark the third attempt at Crypto ETF linked to the Trump media or related entities, signaling an intention to establish a large investment franchise in crypto.
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