A single regulatory filing can reshape how people view crypto investing. Now, a high-profile media group tied to U.S. politics has entered the arena. The potential implications of this filing swirl not only around major tokens like Bitcoin and Ethereum — but also around altcoins such as XRP.
In early July 2025, media company Trump Media & Technology Group (TMTG) — owner of social platform Truth Social — submitted a registration to the U.S. Securities and Exchange Commission (SEC) to launch a new fund: the Truth Social Crypto Blue Chip ETF. As reported by analyst Chad Steingraber on X, the filing drew immediate attention for its proposed asset mix and strategic ambition.
What the Filing Reveals
The S-1 registration describes a fund that aims to hold five leading cryptocurrencies directly. These are Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cronos (CRO), and XRP (XRP). The proposed allocation by value places 70% in Bitcoin and 15% in Ethereum. The remaining 15% is split among the three altcoins: Solana gets 8%, Cronos 5%, and XRP 2%.
Custody and execution responsibilities would fall to Crypto.com, via its trust arm, with asset storage, liquidity provision, and staking operations managed exclusively by them. Shares are slated for listing on NYSE Arca once the ETF obtains regulatory and exchange-level approval.
Truth Social Trump Index Fund on standby
XRP Included
Why XRP’s Inclusion Is Significant
The presence of XRP — even at 2% — matters for several reasons. First, it pushes XRP into a “blue-chip” category alongside top-tier tokens like Bitcoin and Ethereum. This could signal shifting sentiment among institutional and retail investors regarding XRP’s long-term legitimacy.
Second, if approved and successful, the fund would channel capital directly into XRP through a regulated, U.S.-listed vehicle. That could mean broader exposure to investors unable or unwilling to buy and hold individual tokens.
Third, inclusion alongside CRO and SOL — tokens tied to major platforms — suggests the fund aims not only for stability but also for growth potential across assorted blockchain ecosystems.
Regulatory and Structural Hurdles Ahead
The filing is only the first step. The ETF still requires SEC approval, likely including a Form 19b-4 submission to change exchange rules and allow trading. Historically, the SEC has scrutinized crypto ETFs for custody safeguards, market manipulation risk, and compliance with existing securities laws.
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Further, the fund’s passive structure depends on the custodian’s ability to securely store assets and efficiently manage liquidity. Any weakness in custodial practices or regulatory uncertainty could delay or derail the launch.
What to Watch Next
Investors and observers should watch for updates on the SEC’s review process. A key milestone will be the submission (and approval) of a 19b-4 filing required for listing on NYSE Arca. Any amended prospectus could change allocations, assets included, or custodian arrangements.
Attention should also focus on on-chain flows, asset inflows to the fund, and whether Crypto.com publicly discloses staking or custody metrics. Finally, broader crypto-market sentiment and regulatory climate will shape the fund’s reception and success.
A New Institutional Narrative for XRP
The Truth Social Crypto Blue Chip ETF filing places XRP among the top digital assets considered by a politically connected media company. Though XRP represents only a small share, its inclusion alone elevates its standing.
The fund could offer new, regulated exposure to XRP and other altcoins. However, significant regulatory and structural hurdles remain. For now, the prospect offers a fresh institutional narrative for XRP — one to watch closely as the regulatory process plays out.