Highlights
The crypto push has become the US President’s major motto this year, as his co-founded Trump Media & Technology Group (TMTG) filed for a Blue Chip Crypto ETF. This would feature a full-fledged crypto-focused fund and include various trending and in-demand coins. However, meme coins remain excluded from this crypto ETF, including the Official Trump token and others.
After filing for the dual Bitcoin and Ethereum ETF, the Trump Social has filed for a Blue Chip crypto ETF. Notably, the crypto fund will be composed of Bitcoin (70%), Ethereum (15%), Solana (8%), Cronos (5%), and XRP (2%). With the focus on the top cryptocurrencies, meme coins were left stranded despite the President and the POTUS launching their own meme-themed cryptos in early 2025.
If approved, Trump’s new ETF will be listed on the NYSE Arca, with Crypto.com as the custodian and execution agent. Notably, this is their third filing with the SEC and is in execution considering TMTG’s initiative to establish a $2.3 billion Bitcoin treasury plan.
More importantly, it aims to capitalize on the growing demand and hype for exchange-traded funds in the current market.
Although the firm has not made any official statement to clarify this decision, experts believe meme coins’ volatility has led to this markup.
Meme-themed cryptocurrencies are highly speculative and bear high volatility. Their performance highly depends on the market trends, making them unattractive to regulators and institutional investors.
Besides, they often lack liquidity and security protocols, making them high-risk assets. In contrast, the assets selected for Trump’s Blue Chip Crypto ETF are considered low risk and have better custodial infrastructure.
Not only do they provide a clear compliance pathway, but investors also find them attractive and secure investments. The label ‘Crypto Blue Chip’ itself implies that the included tokens are mature and resilient. Introduction of a meme cryptocurrency could have diluted the brand identity.
Overall, the exclusion of these cryptos was allegedly made to align with the blue-chip philosophy. Additionally, increase the SEC’s approval odds.
Binance Alpha is all set to launch a new token, STBL, this week. Interestingly, it…
Investors turn to celebrate as the crypto market takes a bullish turn, thanks to favorable…
Arthur Hayes, co-founder of the BitMEX exchange, is making headlines again. In just 48 hours,…
Ethereum’s layer-2 network, Linea, has officially launched its token with a massive airdrop, marking a…
Arkham Intelligence has unveiled a new crypto rich list of the top 100 crypto holders,…
The tragic death of U.S. activist Charlie Kirk on Wednesday at Utah Valley University has…