New Crypto Fund Takes Center Stage

Trump Media has taken a big step into the world of cryptocurrency. They've filed papers with the U. S. Securities and Exchange Commission to launch a new fund called the Truth Social Crypto Blue Chip ETF. This fund will invest in major cryptocurrencies like Bitcoin, Ether, Solana, Cronos, and Ripple. Most of the money, 70%, will go into Bitcoin, with the rest spread among the other coins. Crypto. com will handle the safekeeping and trading of these digital assets. The fund is still waiting for approval from the SEC before it can start operating. Once it gets the green light, the shares will be listed on the NYSE Arca exchange. Trump Media is no stranger to big plans. They run Truth Social, a social media platform that promotes free speech, and Truth+, a streaming service with family-friendly content. Now, they're adding a financial services brand called Truth. Fi to their lineup. But before anyone gets too excited, it's important to remember that these are big plans, not guarantees. There are always risks and uncertainties when it comes to investing, especially in the volatile world of cryptocurrency. Trump Media acknowledges this and urges caution. For those interested in investing, the official details will be available on the SEC's website. Remember, no shares can be sold until the registration statement is effective. This is a standard procedure to protect investors. Shannon Devine is the go-to person for any investment-related questions. For media inquiries, you can reach out to the press team at Trump Media.