Trump’s Crypto ETF: XRP Makes the Cut, But Is It a Win? 🤔💰

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So, the Trump Media & Technology Group (TMTG) decided to play the crypto game, filing an S-1 with the SEC on July 8 for the “Truth Social Crypto Blue Chip ETF.” I mean, who doesn’t love a good crypto ETF, right? Especially when it’s Trump-branded and filed in the dead of night. 🌙 The internet was buzzing with rumors that this happened in early June, but the SEC’s timestamp says, “Nope, it’s July 8.” Thanks for the clarity, SEC. 🙏

This ETF is a real mix of digital assets, with a whopping 70% in bitcoin, 15% in ether, 8% in solana, 5% in Cronos, and a tiny 2% in XRP. It’s like a crypto smoothie, but with a Trump twist. The trust, a Nevada business trust sponsored by Yorkville America Digital, is aiming for a NYSE Arca listing. Foris DAX Trust, the US arm of Crypto.com, is handling the digital assets, and they’re even passing through staking rewards. Talk about a win-win! 🎉

Bloomberg’s Eric Balchunas summed it up perfectly on X: “New filing for the Truth Social Crypto Blue Chip ETF, which will be a spot crypto basket holding Bitcoin, Ether, Solana, XRP, and Cronos.” He even broke down the percentages, which are now the official Trump crypto ranking. Who knew Trump had a thing for crypto? 🤷‍♀️

Why Solana, Cronos, and XRP?

The allocation might just be Trump’s way of ranking the top five crypto assets. Binance’s top trader, Nachi (@alphawifhat), thinks it’s a big deal: “I see this as an indication of how Trump’s crypto team looks at the top crypto assets and what are the top 5 they want to value the most. This could be a catalyst to pump CRO as it’s a dark horse.” So, is CRO the new crypto unicorn? 🦄

Solana’s 8% weight isn’t just a fluke. CME Group is working on Solana futures, which could lead to more institutional adoption. The SEC is even considering spot Solana ETFs, with a decision expected by October. Cronos, on the other hand, is in the mix because Crypto.com is Trump’s crypto partner. They’re supplying custody, liquidity, and back-end order routing for all Truth-branded funds. Talk about a power couple! 💍

XRP, the underdog, gets a mere 2% of the pie. It’s a small slice, but it’s a sign of XRP’s growing legitimacy. However, the inclusion is also a bit political. In March, a Trump staffer accidentally posted a draft urging the creation of a “Crypto Strategic Reserve” that included XRP. Trump was not amused and felt used. But hey, at least XRP made the cut. 🎉

At press time, XRP was trading at $2.33. Not bad for a token that’s been through the wringer. 🤷‍♀️

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2025-07-09 15:05