Donald Trump’s Truth Social has sparked fresh excitement across the cryptocurrency community, especially among XRP supporters, with a newly proposed exchange-traded fund (ETF) that features the token alongside several top digital assets. Truth Social Makes Strategic Crypto Move Truth Social, the social media platform owned by Trump Media & Technology Group, is deepening its involvement in the digital asset space. The company has filed a new registration statement with the U.S. Securities and Exchange Commission (SEC), aiming to launch an ETF called the “Crypto Blue Chip” fund. This ETF is structured to offer investors indirect exposure to a carefully selected basket of leading cryptocurrencies. According to the filing, the fund will be weighted approximately as follows: 70% Bitcoin (BTC), 15% Ethereum (ETH), 8% Solana (SOL), 5% Cronos (CRO), and 2% XRP. While XRP holds a smaller allocation compared to others, its inclusion in a Trump-backed investment vehicle has energized the XRP community, fueling speculation about greater institutional interest in the token. Key Players Behind the ETF The ETF will be sponsored by Yorkville America Digital, with Forix DAX Trust serving as the custodian. Subject to regulatory approval, the fund is set to trade on the New York Stock Exchange, offering both institutional and retail investors exposure to this diversified crypto portfolio. The unique allocation shows a deliberate mix of dominant and emerging assets, positioning the fund as an innovative offering in the growing crypto ETF market. Building on Previous Filings This isn’t Truth Social’s first ETF initiative. In recent weeks, the platform submitted proposals for both a Bitcoin spot ETF and a combined Bitcoin-Ethereum spot ETF. These efforts align with a broader push by Trump Media to become a significant player in the crypto finance space. The timing is notable, as it follows the SEC’s recent approval and subsequent temporary halt of Grayscale’s Digital Large Cap Fund, which also features XRP , alongside Bitcoin, Ethereum, and Cardano. The parallels are hard to ignore, suggesting Truth Social may be looking to replicate or even challenge Grayscale’s momentum. Crypto.com Partnership and CRO’s Spotlight The ETF’s structure also highlights Truth Social’s ongoing partnership with Singapore-based Crypto.com. This collaboration has led to the launch of several “Made in America” investment products, and it explains the inclusion of Cronos (CRO), Crypto.com’s native token, which holds a 5% share in the new fund. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Following the announcement, CRO saw a surge of over 11%, reflecting heightened investor interest and renewed confidence in its market potential. What It Means for XRP Though XRP accounts for just 2% of the ETF’s total composition, its inclusion is symbolically and strategically significant. It reaffirms the token’s standing among a select group of digital assets deemed worthy of institutional exposure. This move comes as asset managers like Bitwise and Franklin Templeton await regulatory decisions on their own proposed XRP and Solana spot ETFs. Truth Social’s filing could help accelerate broader acceptance of XRP within traditional financial markets. Final Thoughts Trump’s Truth Social is making bold moves to establish itself in the digital asset arena. Its latest ETF proposal, featuring a diversified mix of top-tier cryptocurrencies including XRP, signals a strong vote of confidence in the future of blockchain-based investments. For XRP holders, the development marks another milestone, not just in visibility but in the token’s potential path toward mainstream financial adoption. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Trump’s Truth Social Announcement Excites XRP Holders. Here’s the Latest appeared first on Times Tabloid .
