Trump Media Technology Group applies to launch a "blue chip Crypto Assets ETF", why exclude Meme coin?

Question

The **Trump Media Technology Group (TMTG)**, founded by U.S. President Donald Trump, has officially submitted an application to launch a **"Truth Social Blue Chip Crypto Assets ETF"**, a **pure crypto investment fund**. The fund aims to encompass various **top digital assets**, but explicitly **excludes memecoins (Memecoin)**. This move signifies Trump's **deeper involvement in the crypto industry** following the launch of TMTG, NFTs, and meme-themed cryptocurrencies. However, the neglect of the "official Trump Token" and other Trump-related memecoins has raised concerns among some investors.**"Truth Social Blue Chip Crypto Assets ETF" focuses on top crypto assets**Following the previous application for a **Bitcoin and Ethereum dual currency ETF**, the **Trump Social entity associated with social media (Trump Social)** has now applied for an ETF focused on **blue-chip crypto assets**. It is noteworthy that the proposed **asset allocation** for this crypto fund is:* **Bitcoin (BTC) 70%*** **Ethereum (ETH) 15%*** **Solana (SOL) 5%*** **Cronos (CRO) 5%*** **Ripple (XRP) 2%**The configuration strategy **focuses on top crypto assets with leading market capitalization and liquidity**. It is worth noting that although Trump himself and related parties (POTUS) launched their own memecoin themed crypto asset in early 2025, the **memecoin category has been completely excluded from this ETF**.If approved by the U.S. **Securities and Exchange Commission (SEC)**, Trump's new ETF plans to be **listed on the NYSE Arca exchange** and designate **Crypto[.]com** as its **asset custodian and executing agent**. This is TMTG's **third application for a crypto-related ETF submitted to the SEC**, which is in line with its strategy to establish a **$2.3 billion Bitcoin reserve plan**. More importantly, the ETF aims to capitalize on the growing **investment demand and market enthusiasm** for **exchange-traded funds (ETF)** in the current market.**Why are "Blue Chip Crypto Assets ETFs" Excluding Memecoins? Expert Interpretation of SEC Compliance Considerations**Although TMTG officials have not made a statement regarding the decision to exclude memecoins, **experts in the Crypto Assets field** believe that the **high volatility of memecoins** is the core reason:* **Memecoin-themed crypto assets** are usually characterized by **high speculation** and **extremely high price volatility**.* Their **price performance heavily depends on market sentiment and short-term trends**, which makes them unattractive to **regulators ( such as the SEC)** and institutional investors seeking **stable crypto asset allocations**.* In addition, memecoins **often lack sufficient liquidity and mature security protocols**, and are considered **high-risk crypto assets**.In contrast, the assets selected for Trump's "blue chip crypto assets ETF" (such as **BTC, ETH, SOL, CRO, XRP**) are considered **relatively low-risk** **institutional-grade crypto assets**, and have **more robust custody infrastructure**. These **mainstream cryptocurrencies** not only provide a **clearer compliance pathway**, but are also generally viewed by **crypto investors** as **more attractive and safer long-term investment targets**. The label "**Crypto Blue Chip (Crypto Blue Chip)**" itself implies that the included tokens are **mature and resilient digital assets**. Including memecoins could **dilute the "blue chip" brand image that the ETF hopes to establish**.In summary, the decision to exclude memecoins is believed to be aimed at **strictly adhering to the "blue-chip" investment philosophy**, while **significantly increasing the success rate of obtaining SEC regulatory approval**, to meet the **institutional investors' demand for compliant, low-volatility crypto ETF products**.