Truth Social Files to Launch Crypto Blue-Chip ETF

Key Points:Truth Social has submitted an S-1 filing to U.S. regulators for a crypto-focused exchange-traded fund.The proposed ETF will target "blue-chip" digital assets, though specific cryptocurrencies have not yet been disclosed.Truth Social, the media platform founded by former U.S. President Donald Trump, has officially filed an S-1 registration form with the U.S. Securities and Exchange Commission (SEC), signaling its intent to launch a crypto blue-chip exchange-traded fund (ETF).While details remain limited, the ETF would likely focus on established digital assets commonly referred to as "blue chips" in the crypto market—such as Bitcoin (BTC) and Ethereum (ETH)—which are considered to have strong fundamentals and widespread institutional interest.The move represents a strategic expansion by Truth Social into the digital asset investment space, following increasing demand for regulated crypto investment vehicles. It comes amid growing political and retail interest in cryptocurrencies during the 2024 U.S. election cycle.The SEC has not yet responded to the filing, and the timeline for potential approval remains uncertain.