President Donald Trump is once again expanding his cryptocurrency-related ventures. Trump Media & Technology Group, the company behind the Truth Social platform, announced Tuesday that it has filed with the Securities and Exchange Commission (SEC) to launch a new exchange-traded fund (ETF) tied to five leading cryptocurrencies.
The proposed “Crypto Blue Chip ETF” would allocate 70% of its holdings to bitcoin, 15% to ethereum, 8% to solana, 5% to Ripple’s XRP token, and 2% to CRO, the token issued by Crypto.com, which will serve as the fund’s digital custodian.
If approved, the ETF is expected to debut later this year. Cryptocurrency ETFs are designed to simplify crypto investing by allowing people to invest in digital assets without buying or storing them directly. Bitcoin-based ETFs have gained traction since U.S. markets first opened to them in 2024.
The move marks a significant expansion from Trump Media’s previously announced bitcoin-and-ethereum-only ETF, though it remains unclear whether the company still plans to proceed with that initial offering. Trump Media did not respond to a request for comment.
The SEC recently issued new guidelines for crypto ETF issuers, aligning with President Trump’s pro-crypto regulatory agenda. The agency has also eased enforcement efforts against several digital asset firms since Trump returned to office.
Trump’s evolving stance on digital assets has attracted both investment and controversy. Initially skeptical of bitcoin, the former president now champions cryptocurrency innovation and has received substantial campaign support from crypto-related donors—including Ripple, a top contributor to his inaugural fund.
While the Trump administration pushes for crypto-friendly legislation, critics—including Democrats and some crypto insiders—have raised concerns about potential conflicts of interest. They warn that the Trump family’s deepening involvement in crypto markets could erode trust and stability in an industry still seeking mainstream legitimacy.
Trump, however, dismissed those criticisms during a recent press conference. “If we didn’t embrace it, China would,” he said. “We’re making the U.S. the world capital of crypto.”
