Trump’s Blue Chip Crypto ETF: An Unprecedented Filing
On June 30, 2025, Donald Trump’s media and investment company stunned markets by filing for a Blue Chip crypto ETF, aiming to offer exposure to Bitcoin, Ethereum, and Solana. The filing, submitted to the SEC, outlines an exchange-traded fund (ETF) targeting what it calls the “blue chips of crypto.”
Background: Trump and Crypto
Trump’s stance on cryptocurrencies has evolved over the years — from skepticism to cautious support. With this ETF, Trump Media seeks to capitalize on growing institutional interest and demand for regulated crypto products.
Details of the Blue Chip Crypto ETF
According to the prospectus, the ETF will hold 50% Bitcoin, 30% Ethereum, and 20% Solana — mirroring ReserveOne’s SPAC proportions. Management fees are expected to be competitive at 0.95% annually.
Regulatory Hurdles & Reactions
Regulatory approval remains the biggest question mark. The SEC has historically been cautious about approving spot crypto ETFs, citing concerns over market manipulation and custody. Critics have already raised flags over the political implications of a former president spearheading a crypto ETF.
However, supporters argue that such a high-profile application could help legitimize the asset class.
Expert Opinions
“Trump’s Blue Chip crypto ETF could finally break the SEC’s reluctance to approve spot crypto funds,” said Michael Liu, an ETF analyst at Bloomberg Intelligence.
Others caution against over-optimism: “Politics and markets don’t always mix well, and this filing could be controversial,” noted Karen D’Souza, a finance professor at NYU.
Impact & Outlook
If approved, the ETF would trade on the NYSE under the ticker symbol TBC (Trump Blue Chip). A decision is expected by late Q4 2025.
