Trump’s Truth Social Wants to Launch a Bitcoin + Ethereum ETF — Innovation or Family Grift
🔑 Key Takeaways Trump Media’s Truth Social has filed an S-1 registration for a “Crypto Blue Chip ETF”: allocation of BTC 70%, ETH 15%, SOL 8%, CRO 5%, XRP 2%. The fund would list on NYSE Arca , with Foris DAX Trust (Crypto.com affiliate) serving as custodian and administrator. The SEC has delayed its decision , as it did with other Trump-linked ETF proposals. Trump’s family history in crypto—especially Eric Trump’s checkered record of questionable endorsements—casts a long shadow. This filing intersects with pending legislation (GENIUS Act) and could become a flashpoint in next year’s congressional elections . Raises broader concerns about moral hazard : Can a sitting political dynasty openly chase private enrichment via crypto ETFs? 🗞 Main Story Donald Trump’s Truth Social isn’t just doubling down on crypto—it’s trying to wrap the market in a ticker and sell it to the public. In July 2025, Trump Media & Technology Group submitted an S-1 to the SE...
