Trump is really treating the crypto market like a cash machine. Just now, Trump Media & Technology Group (TMTG) submitted an S-1 (registration statement) to the SEC, planning to launch the "Truth Social Cryptocurrency Blue Chip ETF." Subsequently, they need to submit a 19b-4 (rule change) and obtain approval to be listed. Currently, the U.S. has only approved single asset ETFs (Bitcoin, Ethereum), and multi-asset spot ETFs have yet to be realized.

This ETF plans to allocate weights of 70% Bitcoin, 15% Ethereum, 8% Solana, 5% Cronos, and 2% Ripple, exclusively managed by Crypto.com as the digital asset custodian and primary execution agent, providing staking and liquidity, making it a luxurious allocation.

It is worth noting that just last week, the SEC released a new 12-page guideline for crypto ETFs, clearly requiring applicants to disclose key information such as custody, fees, and risks in detail, aiming to expedite subsequent approvals. At the same time, they are developing a set of "unified listing templates" to replace individual 19b-4 application processes, which could compress the traditional approval time of up to 240 days to about 75 days. With the acceleration of the process in two stages, this ETF could be launched as early as September-October, and there are even reasons to suspect this is a fast-track special channel tailored for Trump.

After all, Trump has already been president, and he had already issued a coin before taking office. This time, creating an ETF is likely to yield better returns and appearances than issuing another meme coin similar to #TRUMP.