- Trump Media‘s Truth Social Funds filed for two new crypto ETFs focused on Cronos, Bitcoin, and Ethereum.
- The proposed Bitcoin and Ethereum ETF is designed with an approximate 60-40 split favoring BTC and aims to pass on staking rewards.
- The filings are a partnership with crypto.com, which would act as custodian and staking provider for the products.
Trump Media‘s “America first” ETF issuer, Truth Social Funds, filed on Friday to launch two new cryptocurrency exchange-traded funds in partnership with Crypto.com. The new filings target Cronos (CRO) and a combined Bitcoin and Ethereum fund.
The Truth Social Cronos Yield Maximizer ETF is designed to track the performance of the CRO token while providing staking exposure. Consequently, the joint Bitcoin and Ether ETF intends to track the top two crypto assets using an approximate 60-40 split.
“We are pleased to be selected to provide digital asset custody, liquidity, and staking services for these new Truth Social Funds ETFs,” said Crypto.com CEO Kris Marszalek. The company’s role would be critical for custody and generating staking yields for ETF holders.
These applications follow previous crypto ETF filings from Trump Media entities, including a solo Bitcoin ETF and a crypto blue chip fund. According to Bloomberg ETF analyst Eric Balchunas, those earlier ETFs are expected to launch soon.
The funds will be advised by Yorkville America Equities, an investment adviser focused on America-first strategies. Meanwhile, shares in Trump Media (DJT) closed up 0.8% on Friday at $10.98 but remain down nearly 39% over the last six months.
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