Trump Media's Truth Social Files for Two Crypto ETFs Tied to Bitcoin, Ether, and Cronos

Trump Media & Technology Group, the company behind the Truth Social platform, is pushing further into cryptocurrency investing. The company has filed paperwork with the U.S. Securities and Exchange Commission to launch two new cryptocurrency exchange-traded funds, products that would let everyday investors gain exposure to digital tokens through a brokerage account rather than buying the assets directly on a crypto exchange. The filings mark a deeper push into digital asset investing by the company associated with President Donald Trump.

The first proposed product, a Bitcoin and Ether ETF, would provide exposure to the two largest cryptocurrencies while also earning additional returns from staking Ether, the process of locking up tokens to help secure the Ethereum network in exchange for rewards. The second product, called the Cronos Yield Maximizer ETF, would focus on CRO, the token of the Cronos blockchain, and generate yield through staking rewards tied to that network.

According to the filing, the funds would rely on Crypto.com for key services including asset custody, liquidity provision, and staking operations, while Yorkville America Equities would serve as the investment adviser. The products are designed with a management fee of about 0.95 percent, according to the registration documents, which is higher than many plain-vanilla crypto funds but reflects the added staking component the company hopes will set them apart.

Like all proposed ETFs, the funds cannot begin trading until regulators sign off. The SEC review process will examine whether the products meet requirements for investor protection, custody, and disclosure, and there is no guarantee the funds will be approved in their current form. The filings nonetheless show how aggressively crypto has moved into mainstream finance, with staking-based products that would have been unthinkable for a retail ETF only a few years ago. The registration documents lay out the funds' structure and fees, along with the roles of Crypto.com and Yorkville America Equities.

Staking is central to the pitch. In a conventional crypto ETF, investors simply gain price exposure to a token. A staking fund goes further, putting a portion of its holdings to work validating transactions on a proof-of-stake network and passing some of the resulting rewards to shareholders, which can add a yield component on top of price moves. That structure also raises the questions regulators tend to focus on: how the assets are custodied, how staking is carried out and by whom, what risks arise if a validator is penalized, and how clearly all of it is disclosed to retail investors. The SEC's review of the Truth Social filings will test how far those structures can go in a mainstream fund wrapper.

The move also deepens the business empire associated with President Donald Trump in the digital asset world, at a moment when his administration's policies are being closely watched by the crypto industry. Trump Media built its name on social media, but the ETF filings signal ambitions well beyond it: to become a brand name in crypto investing itself, competing with the asset managers that have so far dominated the market for digital asset funds.