Trump Media’s Truth Social filed for an ETF today following its recent campaign of SEC applications. This product primarily focuses on Bitcoin, including several other assets like Solana and Cronos.

Altcoin basket ETFs currently exist in legal limbo, as Grayscale’s application recently got SEC approval and an unorthodox hold on trading. Truth Social’s path to regulated exchanges is currently unclear.

Trump’s Newest Altcoin ETF

Truth Social, a key piece of President Trump’s crypto empire, has prepared ETF launch plans for several months now. In early June, NYSE Arca filed a Form 19b-4 to launch a Bitcoin ETF under the firm’s branding.

Today’s new filing takes more of a basket approach, containing several prominent altcoins in addition to BTC:

According to the SEC filing, Truth Social’s new product would primarily be a Bitcoin ETF. 70% of its allocation would go to this asset, 15% to ETH, 8% to SOL, 5% to Cronos (CRO), and 2% to XRP. The company recently attempted to create a joint BTC/ETH ETF, so this altcoin diversificatio

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Author: Landon Manning