Truth Social, backed by Trump Media & Technology Group, filed with the SEC to launch the Truth Social ETF in July 2025, a blue-chip crypto ETF tracking Bitcoin, Ethereum, Solana, CRO, and XRP.
This move, alongside a meme coin unlock, is injecting fresh momentum into the crypto space. Here’s what you need to know about these pivotal developments.
Key Details of the Truth Social ETF
Truth Social ETF aims to simplify crypto investing for institutional and retail investors. Key highlights include:
- Portfolio Breakdown: The ETF allocates 70% to Bitcoin, 15% to Ethereum, 8% to Solana, 5% to CRO, and 2% to XRP, offering exposure to top-tier digital assets.
- NYSE Arca Listing: If approved, the fund will trade on NYSE Arca, with Crypto.com’s Foris DAX Trust as custodian and liquidity provider, ensuring secure asset management.
- Staking Opportunities: The ETF will stake Ethereum, Solana, and CRO to generate yields, enhancing returns beyond passive tracking.
- Market Impact: CRO surged 20% to $0.09886 post-filing, while XRP, Solana, and others saw modest 1-3.6% gains, reflecting varied market reactions.
Additionally, a related event could stir volatility: the Solana-based meme coin $TRUMP, tied to President Trump, will unlock 90 million tokens on July 18, representing 45% of its circulating supply. This could pressure $TRUMP’s price, though its impact remains uncertain.
Why It Matters
Truth Social ETF signals mainstream adoption of crypto, with Trump’s brand boosting visibility. The ETF’s diverse portfolio and staking strategy could attract institutional capital, while the $TRUMP unlock may create short-term trading opportunities. However, regulatory hurdles and market volatility warrant caution.
Stay ahead with MevX’s blog for expert insights and updates.
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