Trump Media & Technology Group Corp. is accelerating its push into crypto investment products.
On Tuesday, the company filed to launch the “Crypto Blue Chip” ETF—its third exchange-traded fund proposal. The new fund would hold a basket of digital assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL), Cronos (CRO), and XRP (XRP).
If approved, it would mark the first US ETF to hold Cronos and XRP directly. Nearly 75% of the proposed fund would be allocated to Bitcoin, with the rest spread across other major tokens.
SEC Review Underway for Trump’s BTC-ETH Crypto ETF
The filing follows the SEC’s formal acceptance of Trump Media’s earlier application for a Bitcoin and Ethereum ETF, triggering the regulator’s official review period. That fund would allocate 75% to Bitcoin and 25% to Ether, with shares listed on NYSE Arca, according to the filing.
Crypto.com’s Foris DAX Trust Company is slated to act as custodian, securing the crypto assets in cold wallets. Yorkville America Digital will manage the fund as its sponsor.
Daily net asset value (NAV) for the BTC-ETH ETF will be calculated using the CME CF Bitcoin and Ether Reference Rates. The sponsor retains the flexibility to adjust the valuation methods.
This filing arrives amid a surge in crypto ETF applications. The SEC is reportedly exploring ways to simplify the approval process. For instance, it may automate certain review steps. Such changes could speed up approvals and encourage more crypto investment products.
ETFs offer investors crypto exposure without requiring them to hold the assets directly. These vehicles have been a huge success on Wall Street, with US-based Spot Bitcoin and Ether ETFs now managing over $49.83 billion and $4.49 billion, respectively.
Delay in Fidelity’s Solana ETF Decision
On the other hand, the SEC delayed its decision on Fidelity’s proposed spot Solana ETF. It reopened the public comment period, allowing 21 days for feedback and 35 days for rebuttals.
This delay was expected. The initial filing appeared in March through the Cboe BZX Exchange.
Bloomberg analyst James Seyffart noted that such delays reflect ongoing discussions, not outright rejection. He emphasized that amendments and refilings signal active regulatory engagement.
