Trump Media Group applies for "encryption blue-chip" ETF, Holdings include BTC, ETH, SOL, XRP

Trump Media Applies for New Encryption ETF According to Bloomberg, Trump Media & Technology Group Corp. is making a significant move into the encryption field. The latest regulatory documents show that the social media company, in which U.S. President Donald Trump holds shares, is applying to launch an ETF called "Crypto Blue Chip." This is the company's third application for an encryption ETF.

What coins do you hold? BTC dominates If the fund is approved for launch, it will directly invest and hold the following mainstream encryption assets:

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• Cronos (CRO)
• Ripple (XRP) The document shows that the encryption currency ETF holdings will have Bitcoin (BTC) accounting for nearly three-quarters of the weight. It is worth noting that although the US has Bitcoin spot ETF and Ethereum spot ETF trading, there is currently no ETF directly holding Cronos (CRO) or XRP spot.

Join the crowded encryption ETF race This is the third application for an encryption asset ETF submitted by the Trump Media Group. Previously, the company had applied for a pure Bitcoin ETF and a Bitcoin and Ethereum mixed ETF. If any of the Trump ETFs successfully launch, it will join a highly competitive cryptocurrency fund market. Currently, there are over 10 Bitcoin spot ETFs in the United States, along with numerous other digital asset investment products. The entry of Trump Media will bring direct competition to issuers seeking to stand out in this field.

In early June, Trump Media Group announced that it had submitted an S-3 registration statement to the U.S. Securities and Exchange Commission, involving debt and equity subscription agreements previously signed with approximately 50 investors, with total proceeds of about $2.3 billion, which is referred to as "one of the largest Bitcoin reserve transactions by a public company."

The registration statement includes the resale of approximately 56 million shares of stock and 29 million shares of convertible bond-related stock for investors, as well as a universal shelf registration that provides flexibility for the company's future mergers and capital raising. CEO Devin Nunes stated that these initiatives will provide Trump Media with the necessary capital, assets, and independence to achieve rapid expansion and attract more users to the "Patriot Economy."

Background and Controversy Trump Media is the parent company of the social platform Truth Social, with Trump himself holding a majority stake. Trump's deepening ties to encryption have drawn criticism from ethics experts, who point out the potential for financial gain in the realm of formulating related encryption policies. The White House has stated that Trump has separated his business interests from his namesake company.

Trump's encryption stance and market performance During his presidential campaign, Trump publicly embraced the encryption industry and fulfilled several related commitments after being elected. Since October last year, during his second term, the Bitcoin price has risen by about 55%, currently trading at around $108,900.

Market data shows that the stock price of Trump Media & Technology Group is currently reported at $19.25, up 2.78% for the day.