Companies linked to President Donald Trump are expanding their presence in the cryptocurrency industry, with the Trump Media & Technology Group taking another formal step into digital asset markets.
Truth Social Funds, an affiliate of Trump Media, has submitted a registration statement to the US Securities and Exchange Commission (SEC) seeking approval to launch two new cryptocurrency exchange‑traded funds (ETFs).
Trump Media Latest Crypto Proposal
The filings outline plans for Crypto.com’s native token, Cronos (CRO), the Cronos Yield Maximizer ETF, and the Bitcoin (BTC) and Ethereum (ETH) ETFs.
The Cronos-focused product is designed to provide exposure to CRO, the native token of the Cronos blockchain, while also capturing staking rewards associated with holding the asset.
The second fund would track the performance of Bitcoin and Ethereum, the two largest cryptocurrencies by market value, and incorporate Ether staking yields into its strategy.
Under the proposed structure, Crypto.com would play a central operational role. The digital asset platform is set to provide custody, liquidity, and staking services for the funds. Meanwhile, Yorkville America Equities has been named as the investment adviser, with the filings indicating a 0.95% annual management fee.
Bitcoin Struggles Below $70,000
Friday’s announcement builds on a broader strategic partnership formed last year between Trump Media and Crypto.com. As part of that agreement, Trump Media was set to acquire 684.4 million Cronos (CRO) tokens at an approximate price of $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 broader digital asset plans.
The expansion into crypto-linked investment products comes at a time when Bitcoin continues to face technical resistance. Although the leading cryptocurrency has posted gains of roughly 5% over the past 24 hours, it remains unable to decisively break above the $70,000 level.
Shares of Trump Media (DJT) also moved modestly higher during Friday’s trading session, rising about 2.5% to trade near $11.18.
Featured image from OpenArt, chart from TradingView.com
