This week, Trump Media & Technology Group (DJT) aims to introduce its third exchange-traded fund (ETF), titled "Truth Social Crypto Blue Chip ETF," which comprises a diversified portfolio of Bitcoin, Ethereum, and other select cryptocurrencies. The application for this ETF was officially submitted on July 8, marking the third such endeavor by the group within the past two months. The new fund's asset allocation includes 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% XRP. It is poised for listing and trading on Arca, the ETF platform of the New York Stock Exchange. Crypto ETFs offer investors an indirect route to investing in cryptocurrencies, eliminating the need for direct purchases. Since the debut of Bitcoin ETFs in the U.S. last year, these funds have garnered significant interest. Furthermore, the Trump administration facilitated a more permissive regulatory landscape for companies operating in the crypto sector.