<h1>Social media company files for multi-cryptocurrency ETF with 70% bitcoin allocation</h1> A media technology company operating a social platform has filed with securities regulators for approval to launch a cryptocurrency exchange-traded fund. The proposed fund would allocate 70% to bitcoin, 15% to ethereum, 8% to solana, 5% to a payment-focused cryptocurrency, and 2% to an exchange-created token. This follows the company's previous announcement of a simpler two-cryptocurrency ETF. The filing comes amid new regulatory guidelines creating a more favorable environment for crypto-related investment products, with regulators dropping several enforcement actions against cryptocurrency companies since the current administration took office.