Donald Trump’s Truth Social platform will launch an exchange-traded fund focused on top cryptocurrencies

Truth Social, the social network associated with Donald Trump, has applied to launch a new exchange-traded fund (ETF) that will focus on major cryptocurrencies, including Bitcoin BTC $111,349.11 Bitcoin 2.13% Market capitalization $2.21 trillion VOL. 24 hours $1.87 billion , Ethereum ETH $2,767.77 Bridged Ether (StarkGate) 4.30% Market capitalization $78.02 million VOL. 24 hours $2.17 billion , Ripple XRP $2.46 XRP 3.33% Market capitalization $145.24 billion VOL. 24 hours $0.41 billion and Solana SOL $156.14 Binance-Peg SOL 1.63% Market capitalization $0.17 billion VOL. 24 hours $0.39 billion .

The fund is planned to be created in cooperation with the financial company Benessere Capital Acquisition Corp. The application envisages the creation of a so-called «blue chip» crypto-ETF, i.e. an investment product that will allow buying shares of the fund on the stock exchange and indirectly owning a portfolio of leading digital assets.

The initiators say that the new ETF should simplify access to the most liquid cryptocurrencies for a wide range of investors and ensure transparency and security of asset management. It is noted that the fund does not plan to include lesser-known or high-risk altcoins — the emphasis is on the «big» tokens with a market capitalization of the top 10.

Truth Social’s application comes amid growing interest in crypto ETFs in the United States following the approval of a bitcoin ETF for large institutional players. The SEC’s review of the initiative is expected to take several months, and the final launch of the product will depend on regulatory decisions.

Experts note that the emergence of such a fund may further strengthen the legitimacy of cryptocurrencies in the US financial system and stimulate a new influx of institutional and retail investors in the digital asset sector.