XRP News Today: Trump Media Files for Crypto ETF with 70% Bitcoin 15% Ether Allocation

Trump Media & Technology Group (TMTG) filed an S-1 with the US Securities and Exchange Commission on July 8, seeking approval for the “Truth Social Crypto Blue Chip ETF.” The prospectus outlines a five-coin portfolio, with approximately 70 percent allocated to bitcoin, 15 percent to ether, 8 percent to solana, 5 percent to Cronos, and 2 percent to XRP. This marks the first Trump-branded product to diversify beyond the two largest digital assets.

The trust, structured as a Nevada business trust and sponsored by boutique issuer Yorkville America Digital, aims to list its shares on NYSE Arca. Foris DAX Trust, the US institutional arm of Crypto.com, is named digital-asset custodian. Authorized participants will create and redeem blocks of 10,000 shares in kind or for cash, subject to NYSE rule changes. The prospectus also discloses that staking rewards on ether, solana, and cronos may be passed through to the fund, a design choice that would set a precedent among US spot-crypto ETFs.

Analyst Eric Balchunas distilled the filing in two succinct posts on X, highlighting the pivotal language: “the Trust’s allocation… is initially expected to approximate 70% bitcoin, 15% ether, 8% SOL, 5% CRO and 2% XRP.” These percentages now serve as the market’s working model for how the Trump universe ranks crypto’s ‘blue chips.’

Overall, the allocation may serve as an implicit ranking of the top five crypto assets as viewed through the lens of Trump’s inner circle. Binance top trader by PnL Nachi commented via X: “I think it’s useful to look at the allocation ratio of the Truth Social Crypto ETF […] 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.”

Solana’s climb to an 8 percent weight is more than a momentum trade. CME Group this spring announced cash-settled Solana futures pending CFTC sign-off, extending the same institutional rails that helped bitcoin and ether graduate into ETF form. Notably, the SEC has set a July deadline for spot Solana ETF refilings, indicating a potential approval before the October 2 deadline.

Cronos leaps over better-capitalized tokens because Crypto.com is literally powering Trump’s ETFs. “We are proud to partner with Trump Media and Yorkville… including the first-of-its-kind basket of tokens featuring CRO,” Crypto.com co-founder Kris Marszalek said in March when the multi-year, roughly $2.7 billion partnership was unveiled. Under the agreement, Crypto.com supplies custody, liquidity, and back-end order routing for all Truth-branded funds.

XRP brings up the rear at two percent, reflecting both its renewed legitimacy and its still-nascent institutional plumbing. On June 27, Ripple Labs announced that it will withdraw its cross appeal against the SEC. The token’s modest two-percent slice is politicized as much as it is financial. In early March, a staffer from Ballard Partners—the K-Street shop that counts Ripple as a client—slipped Donald Trump draft language for a Truth Social post urging that XRP, Solana, and Cardano be placed in a national “Crypto Strategic Reserve.” Trump hit “post” and only later discovered the Ripple connection; insiders told Politico he “was furious and felt like he’d been used.” Despite that, the inclusion of XRP still shows Trump’s ties with Ripple.

At press time, XRP traded at $2.33. The allocation of XRP in the Trump-branded ETF reflects a strategic move that acknowledges the token's growing legitimacy while also considering its current institutional infrastructure. The inclusion of XRP in the ETF, despite its relatively small allocation, underscores the token's significance within the broader crypto landscape and its potential for future growth. This move by Trump Media & Technology Group highlights the evolving dynamics within the crypto market and the increasing recognition of XRP as a valuable asset.