Trump Media & Technology Group has taken bold steps into the cryptocurrency world. The company filed registration statements with the U.S. Securities and Exchange Commission (SEC) for two new crypto-linked exchange-traded funds (ETFs).
The filings were submitted through its Truth Social Funds division. They seek approval for:
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A Bitcoin and Ether ETF, and
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A Cronos Yield Maximizer ETF tied to the Cronos blockchain token.
The filings require SEC review and approval. Until then, neither fund can launch or accept investor money. This represents Trump Media’s most visible push yet into regulated crypto investment products. It follows previous attempts that faced delays and regulatory scrutiny.
What the Proposed ETFs Are Designed To Do
Bitcoin and Ether ETF
The Truth Social Bitcoin and Ether ETF would give investors exposure to the two biggest crypto assets by market cap: Bitcoin (BTC) and Ether (ETH).
The fund aims to track the combined performance of both assets. It intends to include staking rewards for Ether while operating under a managed fund structure.
This hybrid approach sets it apart from many existing spot ETFs. Those usually track price movements alone without a staking component. If approved, the ETF would let traditional investors gain regulated exposure to crypto without holding digital tokens directly.
Cronos Yield Maximizer ETF
The second product, the Truth Social Cronos Yield Maximizer ETF, is more niche. It targets Cronos (CRO), the native token of the Cronos blockchain.
The fund would seek price performance plus staking income – essentially a yield component. This feature could appeal to income-seeking investors. Staking involves locking tokens to support a blockchain’s operations. In return, holders earn rewards. Adding staking to a U.S. ETF is still rare and could face additional regulatory scrutiny.
Partnership With Crypto.com and Foris Capital
Both ETFs would rely on third-party partners.
Crypto.com is slated to provide:
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Custody services for the digital assets,
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Liquidity support, and
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Staking operations, especially for the Cronos ETF.
Crypto.com’s role is significant given its existing footprint in the U.S. and global crypto markets. Investors would access the funds via Foris Capital US LLC, the broker-dealer affiliated with Crypto.com.
Yorkville America Equities will act as the investment adviser for both funds.
Each ETF is expected to charge a 0.95% annual management fee.
Regulatory Status: Not Yet Approved
The ETF filings have been submitted and acknowledged by the SEC. However, they are not yet effective.
Until the SEC completes its review and declares the registration effective:
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Sponsors cannot sell shares, and
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Investors cannot subscribe to the ETFs.
SEC reviews can take several months. They often include amendments, comments, or requests for more disclosures. The regulator has grown more cautious about products involving staking and smaller tokens like CRO. This means the Cronos ETF may encounter extra scrutiny.
Political and Market Context
Trump Media’s push into crypto ETFs comes amid broader interest in digital asset regulation in the U.S.
Some lawmakers are debating the Digital Asset Market CLARITY Act, aimed at establishing clearer rules for crypto markets. Trump Media’s ventures, however, also sit at the intersection of politics and finance. Critics warn that political branding could complicate regulatory decisions. Supporters claim it reflects increased mainstream acceptance of digital assets. In 2025 and early 2026, Trump’s second administration pursued policies seen as friendly to crypto. These included dropping certain SEC actions and calls to position the U.S. as a crypto hub. The new ETF filings extend Truth Social’s broader crypto strategy, which began with earlier filings like a spot Bitcoin ETF and a “Blue Chip Digital Asset ETF.” Both of those are still pending or delayed.
What Happens Next
Once the SEC declares the registration statements effective, the funds could launch. Investors would then be able to buy and sell ETF shares through regulated venues.
Approval is not guaranteed. Regulators may require changes or even reject parts of the filings. The timeline could range from weeks to several months. If regulators approve staking components, these ETFs could be among the first of their kind in the U.S. market. That could broaden investor access to crypto and open new strategies involving yield.
Implications for Investors and Markets
For investors, these ETFs could offer a regulated vehicle to participate in major crypto assets. They may reduce barriers for traditional investors wary of direct token ownership.
The staking aspect, especially for Ether and Cronos, could attract those seeking recurring income. However, staking also introduces complexity and risk. The markets will watch the SEC’s decisions closely. Approval or rejection will send signals about the future of crypto products in the regulated U.S. market.
Bottom Line
Trump Media’s filings mark a major step in its crypto strategy. These ETF proposals blend traditional finance with digital assets. But approval is uncertain, and the regulatory path remains challenging.
Investors, regulators, and policymakers will all play key roles in shaping the outcome. The filings underscore the evolving effort to bring mainstream crypto products to regulated markets.
