Companies linked to former President Donald Trump are deepening their involvement in the cryptocurrency sector. Trump Media & Technology Group, through its affiliate Truth Social Funds, has submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) seeking approval to launch two new cryptocurrency exchange-traded funds (ETFs).
The filings outline plans for two distinct products. The first is the Cronos Yield Maximizer ETF, designed to provide investors exposure to Cronos (CRO), the native token of the Cronos blockchain, while also capturing staking rewards associated with holding the asset. The second proposed fund would track the performance of Bitcoin (BTC) and Ethereum (ETH), incorporating Ether staking yields into its investment strategy.
Crypto.com is set to play a central operational role, providing custody, liquidity, and staking services for both funds. Yorkville America Equities has been named the investment adviser, with the filings indicating a proposed annual management fee of 0.95%.
This ETF initiative builds upon a broader strategic partnership formed last year between Trump Media and Crypto.com. As part of that agreement, Trump Media was set to acquire approximately 684.4 million CRO tokens at a price of roughly $0.153 per token. The transaction was structured as a 50% stock and 50% cash exchange and included the creation of a Trump Media Group CRO Strategy aimed at integrating Cronos into the company's digital asset plans.
The expansion into crypto-linked investment products comes as Bitcoin faces technical resistance near the $70,000 level, despite posting gains of around 5% in the 24 hours preceding the announcement. Shares of Trump Media (DJT) traded modestly higher, rising about 2.5% to $11.18 following the news.
