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Truth Social Crypto Blue Chip ETF to be listed on NYSE Arca exchange if approved
Odaily News Trump Media Technology Group announced today that it has submitted a preliminary registration statement in Form S-1 to the U.S. Securities and Exchange Commission (SEC), planning to launch the Truth Social Cryptocurrency Blue Chip ETF, which will directly hold Bitcoin, Ethereum, Solana, Cronos, and Ripple, with asset allocation ratios of 70%, 15%, 8%, 5%, and 2%, respectively. Crypto.com will serve as the exclusive digital asset custodian and lead execution agent for the ETF, while also providing pledge services and liquidity support. The official launch of the ETF still needs to wait for the registration statement to be approved by the SEC and the review and approval of the 19b-4 document. Once approved, the fund will be listed and traded on the NYSE Arca exchange. (Jinshi)
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