(Bloomberg) -- Trump Media & Technology Group Corp. is plowing deeper into the cryptocurrencies space with a new filing for an exchange-traded fund that would hold a number of digital assets including Bitcoin, Ether, Solana and others.
Most Read from Bloomberg
-
Are Tourists Ruining Europe? How Locals Are Pushing Back
-
Denver City Hall Takes a Page From NASA
-
Can Americans Just Stop Building New Highways?
-
Philadelphia Trash Piles Up as Garbage Workers’ Strike Drags On
A Tuesday filing showed the social-media firm owned by President Donald Trump seeking to launch the “Crypto Blue Chip” fund, with the paperwork marking its third ETF filing. The fund, should it launch, would hold Bitcoin, Ether, Solana, Cronos and XRP directly, though nearly three-quarters of it would be comprised of Bitcoin, the largest token in the market. Though ETFs holding Bitcoin and Ether already trade in the US, no such funds hold Cronos or XRP directly.
It marks Trump Media’s third filing for crypto-based ETFs, with the firm having filed for a Bitcoin-Ether product as well as one tied solely to Bitcoin. Should any of them launch, they’d join a crowded field of crypto-minded offerings, as more than 10 Bitcoin-specific funds already trade in the US, as do many other digital-asset-based products. The Trump Media offerings would also present direct competition for issuers vying to stand out in the space.
Earlier: Trump Media Deepens Crypto Push With Bitcoin–Ether ETF Filing
Trump Media is the company behind Truth Social and is majority-owned by the president. The president’s deepening crypto ties have drawn criticism from ethics experts, who point to the potential for financial gain in areas where Trump also sets policy. The White House has said the president is walled off from his namesake businesses.
The president had embraced the crypto industry during his presidential run and has made good on a number of promises. The price of Bitcoin has risen during Trump’s second term, with the coin increasing roughly 55% since October to currently trade around $108,900 apiece.
Most Read from Bloomberg Businessweek
-
Will Trade War Make South India the Next Manufacturing Hub?
-
‘Telecom Is the New Tequila’: Behind the Celebrity Wireless Boom
-
SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too
-
For Brazil’s Criminals, Coffee Beans Are the Target
-
Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate
©2025 Bloomberg L.P.
Donald Trump's media empire further solidifies its stance in the cryptocurrency world with a third ETF filing, illustrating an ongoing interest and potential endorsement of digital assets by components linked to him.
