Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The company of U.S. President Donald Trump, Trump Media, which owns the social network Truth Social, has submitted registration documents for two cryptocurrency exchange-traded funds (ETFs) to the U.S. Securities and Exchange Commission (SEC).
The first fund, named Truth Social Bitcoin (BTC) and Ether (ETH) ETF, aims to track the overall performance of the two largest cryptocurrencies by market capitalization. The fund promises staking rewards for Ether. The second fund is the Truth Social Cronos (CRO) Yield Maximizer ETF, which focuses on the CRO token of the Cronos blockchain from Crypto.com. This fund also includes income from staking.
Related Posts
Currently, the documents are under review by the SEC, and registration has not yet been completed. If approved, asset custody, liquidity, and staking services are expected to be provided by Crypto.com. Investors will be able to access the ETFs through the broker-dealer Foris Capital US. The management fee for the fund shares will be set at 0.95%.
In April 2025, Trump Media announced a partnership with Crypto.com and Yorkville America Digital to launch several ETFs under the slogan “Made in America.” In September, Trump Media reached an agreement with Crypto.com to create a joint reserve of CRO tokens, with plans to purchase approximately 684.4 million CRO ($105 million). The tokens were to be partially paid for with shares and partially with cash.
In February, Trump Media announced the issuance of tokens that shareholders of the company could receive through the Crypto.com exchange: one token is promised for each share owned. Token holders will not be able to transfer or sell their tokens but will be able to exchange them for bonuses within the company’s ecosystem. Cryptocurrency projects generated nearly $1.5 billion in revenue for the Trump family during his presidency.
