Truth Social Submits Cryptocurrency Blue-Chip ETF S-1 Filing Application

BlockBeats News, July 8th, according to the SEC website, Truth Social has submitted a cryptocurrency blue-chip ETF S-1 filing.

The Trust's assets are primarily composed of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cronos (CRO) held by the Trustee.

Under the terms of the Trust Agreement, the Trust will allocate its assets to a percentage of the portfolio assets (allocation ratio) initially expected to be approximately 70% Bitcoin, 15% Ethereum, 8% SOL, 5% CRO, and 2% XRP.