Trump Media files for 'Crypto Blue Chip ETF' with SEC

President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies.

Trump Media & Technology Group, a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the “Crypto Blue Chip ETF” later this year.

The proposed ETF would have 70% of its holdings in bitcoin, the world’s most popular cryptocurrency, 15% in ethereum, the second-most popular, and 8% in solana, a cryptocurrency popular in the meme coin community. The fund would hold 5% in the cryptocurrency developed by the company Ripple and 2% in the crypto created by the exchange Crypto.com, which will act as the ETF’s digital custodian.

Trump Media previously announced plans for a crypto ETF with just bitcoin and ethereum. It’s unclear if the company plans to move forward with that ETF offering. Trump Media did not immediately return a request for comment.

Cryptocurrency-based ETFs make it easier for investors to gain exposure to cryptocurrencies without having to buy them directly. These funds have exploded in popularity since bitcoin ETFs began trading in U.S. markets last year.

The SEC released new guidelines last week for crypto ETF issuers as part of the Trump administration’s push to create a more welcoming regulatory environment for crypto-related companies. The agency has also dropped or paused several enforcement actions against crypto companies since Trump took office.

Trump was once a bitcoin skeptic who has since warmly embraced the cryptocurrency industry, which has showered him with campaign and other types of contributions. Ripple, for example, was one of the biggest donors to Trump’s inaugural committee.

While the Trump administration has pushed for crypto-friendly regulations and laws, the Trump family has aggressively sought to expand its crypto-related businesses. That dynamic has led to allegations of corruption from Democrats and concern among some crypto enthusiasts that the president may be undermining their efforts to establish credibility and stability for the industry.

At a news conference last month, Trump dismissed any notion that his family’s investments were improper and touted his administration’s efforts to make the U.S. the world capital for crypto.

“If we didn’t have it, China would,” Trump said.

FILE - President Donald Trump speaks to the media, Friday, June 27, 2025, in the briefing room of the White House in Washington. (AP Photo/Jacquelyn Martin, File)

FILE - In this April 3, 2013 photo, a 25 Bitcoin token is displayed in Sandy, Utah. (AP Photo/Rick Bowmer, File)

WEST PALM BEACH, Fla. (AP) — President Donald Trump on Sunday fired off another warning to the government of Cuba as the close ally of Venezuela braces for potential widespread unrest after Nicolás Maduro was deposed as Venezuela's leader.

Cuba, a major beneficiary of Venezuelan oil, has now been cut off from those shipments as U.S. forces continue to seize tankers in an effort to control the production, refining and global distribution of the country's oil products.

Trump said on social media that Cuba long lived off Venezuelan oil and money and had offered security in return, “BUT NOT ANYMORE!”

“THERE WILL BE NO MORE OIL OR MONEY GOING TO CUBA - ZERO!” Trump said in the post as he spent the weekend at his home in southern Florida. “I strongly suggest they make a deal, BEFORE IT IS TOO LATE.” He did not explain what kind of deal.

The Cuban government said 32 of its military personnel were killed during the American operation last weekend that captured Maduro. The personnel from Cuba’s two main security agencies were in Caracas, the Venezuelan capital, as part of an agreement between Cuba and Venezuela.

“Venezuela doesn’t need protection anymore from the thugs and extortionists who held them hostage for so many years,” Trump said Sunday. “Venezuela now has the United States of America, the most powerful military in the World (by far!), to protect them, and protect them we will.”

Trump also responded to another account’s social media post predicting that his secretary of state, Marco Rubio, will be president of Cuba: “Sounds good to me!” Trump said.

Trump and top administration officials have taken an increasingly aggressive tone toward Cuba, which had been kept economically afloat by Venezuela. Long before Maduro's capture, severe blackouts were sidelining life in Cuba, where people endured long lines at gas stations and supermarkets amid the island’s worst economic crisis in decades.

Trump has said previously that the Cuban economy, battered by years of a U.S. embargo, would slide further with the ouster of Maduro.

“It’s going down,” Trump said of Cuba. “It’s going down for the count.”

A person watches the oil tanker Ocean Mariner, Monrovia, arrive to the bay in Havana, Cuba, Friday, Jan. 9, 2026. (AP Photo/Ramon Espinosa)

President Donald Trump attends a meeting with oil executives in the East Room of the White House, Friday, Jan. 9, 2026, in Washington. (AP Photo/Alex Brandon)