Truth Social Funds, the exchange-traded funds arm of Trump Media & Technology Group, has filed to launch two new cryptocurrency ETFs. The filings, made in partnership with Crypto.com, propose a Cronos Yield Maximizer ETF and a joint Bitcoin and Ethereum ETF. These products would provide investors with exposure to the underlying crypto assets while incorporating staking rewards. The move continues the firm’s expansion into digital asset investment vehicles, following earlier ETF applications filed last year.
Truth Social Funds filed registrations for the Truth Social Cronos Yield Maximizer ETF and the Truth Social Bitcoin and Ether ETF. Crypto.com would serve as the digital asset custodian and staking services provider for both proposed funds.
The Cronos ETF is designed to track the performance of the CRO token. It also aims to provide exposure to native and liquid staking of the Cronos token.
The Bitcoin and Ether ETF intends to track the top two crypto assets with an approximate 60-40 split favoring Bitcoin. This ETF also plans to provide staking rewards from its Ethereum position to holders.
Crypto.com CEO Kris Marszalek stated, “We are pleased to be selected to provide digital asset custody, liquidity, and staking services for these new Truth Social Funds ETFs.” He added that the firm is supportive of the ETFs’ value proposition.
These are the latest crypto ETF filings from Trump Media entities. The company previously filed for a solo Bitcoin ETF and a broader crypto blue chip ETF including Solana, XRP, and CRO.
Those earlier ETFs are expected to go live in the coming months, according to Bloomberg ETF analyst Eric Balchunas. The firm’s existing ETF lineup focuses on “America first” themes, including real estate and defense.
Both newly registered funds will be advised by Yorkville America Equities. This investment adviser specializes in America-first investments.
Shares in Trump Media closed up around 0.9% on Friday at $10.98. However, the stock has declined nearly 39% over the last six months.
