Trump Media & Technology Group (DJT) has filed with the SEC for the “Truth Social Crypto Blue Chip ETF,” a spot vehicle that will hold Bitcoin, Ether, Solana, XRP, and Cronos. The move—DJT’s third crypto-ETF attempt in seven months—comes one day after NYSE sought a rule change for its earlier BTC/ETH fund and lands amid a White-House-driven push for lighter crypto oversight.
Trump Media & Technology Group, the parent company of Truth Social, has experienced a significant decline in its market value, shedding billions and dampening the initial excitement that surrounded its public debut. This development has raised eyebrows across the financial and regulatory sectors, highlighting the volatile nature of the stock and its impact on the broader tech and social media landscape.