Truth Social-backed crypto blue-chip ETF submits registration statement to SEC, plans to invest in five major assets including Bitcoin

According to the official website of the U.S. Securities and Exchange Commission (SEC), Trump's Truth Social Crypto Blue Chip ETF, B.T. has officially submitted an S-1 registration statement to the SEC, intending to launch a passive exchange-traded fund (ETF) that invests in cryptocurrency blue-chip assets. The product was initiated and registered by Yorkville America Digital, LLC, and plans to be listed and traded on the NYSE Arca exchange after approval.

According to the S-1 document, the ETF will mainly invest in five digital assets: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO) and Ripple (XRP). The initial allocation ratio is 70% for Bitcoin, 15% for Ethereum, 8% for Solana, 5% for Cronos, and 2% for Ripple. The fund is registered in Nevada, and the annual settlement date is September 30 of each year.

Crypto.com will serve as the exclusive digital asset custodian and primary execution agent of the ETF, and will provide asset pledge and liquidity support services to provide on-chain infrastructure and transaction guarantees for fund operations.

The launch of this ETF still needs to pass the SEC's review of the registration statement and obtain approval for the 19b-4 rule amendment. No specific listing timetable has been set yet, but once approved, it will mark the further expansion of diversified investment products of crypto assets into the mainstream market after the traditional Bitcoin spot ETF.

As part of the name of the fund, Truth Social implies that it may have a potential connection with the Trump-related digital asset ecosystem, or provide brand endorsement to attract specific market participants. If the ETF is successfully listed, it will become one of the first combination spot ETFs focusing on crypto blue-chip assets, further expanding the investment channels of institutions and retail investors in the field of digital assets.